SACRAMENTO, Calif. – SAFE CU said it has joined three local banks in providing a $95 million secured credit facility for McLellan Business Park, the redevelopment of McClellan Air Force Base, which was shut down a decade ago.
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The new credit facility is for up to five years and provides a revolving line of credit. Participating banks are Wells Fargo, Bank of America and River City Bank.
The development will encompass 3,000 acres and 8.5 million square feet of commercial, retail, office and residential buildings.
