Alliant Credit Union announced that its loan trading desk sold $470 million in commercial and consumer loan participations in 2022 in 25 transactions, up 74% from 2021. On the purchase side, Alliant’s loan trading desk bought $440 million in residential and consumer loan participations and purchases across eight transactions from credit unions, fintechs, and specialized lenders. The loan trading desk was active across multiple asset classes including first mortgages, unsecured term loans, automotive lease extensions, home equity lines of credit (HELOCs), solar loans, home improvement loans, and RV loans.
Mirroring the shift in markets, Alliant sold a majority of fixed-rate consumer loans in the first half of the year and shifted to sell mainly floating-rate commercial loans in the second half of the year, yielding attractive returns in a volatile market. Alliant expanded its network by transacting with 13 new counterparties, with trading partners encompassing financial technology—“fintech”— lenders in the digital realm, as well as credit unions throughout the United States.
Alliant’s commercial real estate mortgage loan sales spanned multifamily properties, including student housing and manufactured housing communities, often with complex structures.