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Top Mortgage Brokers-CHI-Krawitz

Alliant Credit Union Team

Company: 

Alliant Credit Union

$408 million

Remained consistently in the market during pandemic

Working to change perceptions about the role of credit unions in commercial real estate

Alliant Credit Union is changing perceptions about the role of credit unions in the commercial real estate industry. In 2020, the company was able to fill an important gap when the pandemic pushed some lenders to the sidelines. The Alliant team of Charles Krawitz, Paul Letorneau, Yonah Sturmwind, Peter Margolin, Tim Madigan and Jeff Joyner remained consistently in the market, lending to experienced borrowers across multiple geographies and asset types, including multifamily, self-storage, manufactured housing, industrial and others.

Top deals completed in 2020 included loans for several large multifamily properties in suburban markets across the U.S., including a $39 million loan for the refinancing of a 300+ unit multifamily property located in Naperville, IL. Alliant also provided financing for a pair of multifamily loans in Texas that totaled $39-million: an acquisition loan for an apartment community in Southwest Texas and the refinance of a student housing property in the Dallas-Fort Worth metropolitan area. Additionally, Alliant closed a $21 million loan to American Landmark Apartments for the acquisition of the Bentley at Marietta, a multifamily building in the Atlanta metropolitan area. 

As a balance sheet lender, the credit union can provide tailored structuring to meet the unique circumstances of each borrower. Many of Aliant’s top deals closed in 2020 included unique structure components, such as earn-out provisions to reimburse capital improvement costs, interest-only periods and step-down yield maintenance fee structures.

These are some of the reasons we selected Krawitz and his team for inclusion in our first-ever Top Mortgage brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.

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Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).