Friday, September 14, 2018

Technology CU Funds $20.5 Million Construction Loan

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.

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