Technology Credit Union (San Jose, CA) provided a $20.5 million construction loan for a luxury apartment development.
The loan will fund the development of a four-story, 55-unit luxury apartment building with a one-story parking garage.
This is a large loan and indicates that large credit unions and banks are competing for the same commercial customers.
Read the press release.
Two words: Mission creep. I’d like to hear two words from others as well.
ReplyDeleteGreat loan.
DeleteTax them.
DeleteTax them
Delete