Commercial real estate Source: Shutterstock

Alliant Credit Union’s sales of loan participations fell 18% overall last year with the decline in the mortgage market, but it was able to increase its sales of other types of loans by 74%, including a $55.8 million loan to the owners of a high-end apartment complex near Raleigh, N.C.

NCUA data showed the Chicago-based credit union sold $414.5 billion in residential real estate loan participations last year, down 49% from 2021. However, its sales of $468.9 million in non-residential loan participations last year in 25 transactions was up from $269.7 million in 2021.

Jim DuPlessis

A journalist for decades.

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