Chicago-headquartered Alliant Credit Union has rolled out SBL Edge, a lending platform designed for small balance commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors.
According to Alliant, owners of stabilized properties can us SBL Edge to refinance existing loans or fund acquisitions. The platform matches borrowers with lenders with expertise in the targeted property types. Alliant added that its commercial real estate loan has an outstanding balance of over $2 billion and is national in scope.
“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,” 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.”
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