CHICAGO , May 16, 2024 /PRNewswire/ — Alliant Credit Union, one of the nation's largest credit unions, announced the launch of SBL Edge, a lending platform designed for small-dollar commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors. Built by seasoned veterans with decades of experience navigating the complexities of commercial real estate lending, SBL Edge offers a streamlined process and leverages unmatched industry levers.
“SBL Edge was designed based on our team's deep understanding of the unique challenges and opportunities of the small commercial real estate market. We carefully crafted a program to address the needs of borrowers seeking loans between $2 million and $7.5 million,” said Charles Krawitz, head of commercial real estate lending. “The platform's focus on multifamily, mobile home communities and self-storage properties reflects our commitment to serving a broad range of CRE borrowers.”
Through SBL Edge, owners of stable real estate can refinance existing loans or fund acquisitions by working with experienced lenders who offer competitive financing options designed to drive success. The SBL Edge team is made up of experienced professionals with a deep understanding of the complexities of the target property types. Krawitz was joined at the launch of SBL Edge by former LaSalle Bank colleagues Peter Margolin, Jennyfer O'Neil, and Sharon Mau, as well as former ABN AMRO colleague Namita Tayal. Their extensive knowledge is reflected in the design of the platform to ensure sound lending decisions and fast closings.
Alliant's existing commercial real estate loan portfolio, with more than $2 billion in outstanding balances, is national: Loans are sourced from commercial mortgage brokers that partner with leading national and regional firms.
Alliant Credit Union's commercial real estate lending practice has received numerous awards and recognition in recent years, including being named 2023 Lender of the Year Winner by REJournals, Top Mortgage Lender of 2023 by Connect Media, and a 2024 CRE Debt, Equity & Finance Rainmakers by Globest.com. Additionally, Alliant's CRE team won top honors for both “Most Innovative Corporate Strategy” and “Best Loan” at the 2023 Commercial Property Executive Influence Awards.
About Alliant Credit Union:
Alliant Credit Union is a nationwide digital financial institution with over 800,000 members and $20 billion in assets, focused on innovation and disrupting the traditional banking model. Alliant offers its members the best products, rates and value while maintaining the best cost structure in the industry. Alliant is consistently recognized as one of the best financial institutions and has been named Top Credit Unions by CNBC and Best Banks in America by Money.com. Headquartered in Chicago and founded in 1935, Alliant is one of the largest credit unions in the United States.
Media Contact:
Natalie Simmons
[email protected]
Senior Media Strategist
Alliant Credit Union
Source: Alliant Credit Union