CHICAGO–Alliant Credit Union has launched “SBL Edge,” a lending platform it said is designed for small balance commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors.
Alliant said the new platform leverages its experience navigating the complexities of commercial real estate lending and offers streamlined processes and leverages unparalleled industry wherewithal.
"SBL Edge was designed based on our team's deep understanding of the unique challenges and opportunities within the small balance commercial real estate market. We have meticulously crafted a program that addresses the needs of borrowers seeking loans between $2 million and $7.5 million," Charles Krawitz, head of commercial real estate lending, said in a statement. "The platform's focus on multifamily, mobile home communities, and self-storage properties reflects our commitment to serving a broad range of CRE borrowers."
According to Alliant, through SBL Edge owners of stabilized properties can refinance existing loans or fund acquisitions by working with an experienced lender that offers a competitive lending option designed to fuel success.
“With an outstanding balance of over $2 billion, Alliant's existing commercial real estate loan book is national in scope,” the credit union said. “Loans are sourced from commercial mortgage brokers with a focus on those affiliated with large national and regional firms.”
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