Connect Media > Chicago News > Greater Chicagoland > Alliant Credit Union Closes on $39M Refi

January 5, 2021 Comments (0) Views: 462 Chicago News, Greater Chicagoland

Alliant Credit Union Closes on $39M Refi

Order Reprints...

Alliant Credit Union has closed on a $39-million loan to refinance a 300+ unit multifamily property located in Naperville, IL. The borrower wasn’t disclosed. Offering many lifestyle amenities including a pool and fitness center, the property has enjoyed occupancy of more than 90%.
 
Located in the Naperville submarket, which reports stronger median household income, education levels and population growth than the overall Chicago metropolitan area, the apartment building provides easy access to Chicago job centers and surrounding commercial districts. This transaction was referred to Alliant by Brett Olson and Joe Lindberg at Grandbridge Real Estate Capital LLC.
 
“Alliant was pleased to provide this financing for a strong, well-respected Midwest sponsor group that has continued to support and operate this property for years,” said Tim Madigan, commercial loan originator at Alliant. “The property is truly differentiated from the competition in a solid submarket.”

Connect With Alliant’s Madigan


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: ,

Comments are closed.