The recent funding of two large commercial real estate loans has helped Technology Credit Union further establish its presence in the Bay Area.
The $1.7 billon Tech CU in San Jose, Calif., said it closed nearly $15 million in CRE loans in December 2012, including a $9.5 million loan to support the refinancing of a multi-tenant property that is located in downtown Mountain View and counts Google Inc. as one of its tenants.
The credit union also approved a $5.14 million loan to support the purchase of an historic South of Market, commonly known as SOMA, office building in San Francisco.
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