Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Alliant Credit Union Sells $187M in Loans During Q1
Chicago-based Alliant Credit Union said its loan trading desk sold $186.5 million and acquired $89 million in commercial and consumer loan participations in first-quarter 2021. Alliant’s trading partners in the 18 transactions included credit unions nationwide.
A portion of Q1’s activity included sales of commercial real estate participations to six different credit unions on a multifamily property in suburban Chicago and another on a large, high-performing recreational vehicle resort community in the Northeast. Alliant also sold four pools of consumer loans secured by recreational vehicles during Q1.
“We’re seeing significant momentum as we expand our partnerships with other credit unions that seek loans backed by institutional-quality properties,” said VP Charles Krawitz, who leads commercial lending and loan trading at Alliant.“Furthermore, our national network of commercial mortgage bankers allows us to access to high-quality transactions.”
On the acquisitions side, Alliant purchased $89,000,000 in participations in two consumer solar loan pools.
- ◦Sale/Acquisition
