After years of exploration, the $7.8 billion Alliant Credit Union has created a commercial lending division.
The Chicago-based credit union said it will provide financing for a variety of property types including multi-family rental, office, industrial, retail, hospitality, assisted living and special purpose. Loan amounts will range from $1 million to $10 million.
To head up the new department, Alliant has hired Mark Trevor as its vice president of commercial lending. The 25-year lending professional plans to concentrate on originating commercial mortgages for acquisition or refinance for properties throughout the country, according to Alliant.
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