Telesis Community CU FinancesOut-Of-State Office Project

CHATSWORTH, Calif. - (07/18/06) – Telesis Community CU has signeda deal to finance the $10.2 million purchase of a 24-story officebuilding in downtown Little Rock, Ark. The California credit unionprovided a five-year member business loan of $7.5 million to thepurchaser, 200 West Capitol LLC, of Reseda, Calif. The268,598-square-foot building is located at Bank of America Plaza.Telesis Community CU, which has one of the largest business lendingoperations of any credit union, generally participates out, orsyndicates, its loans.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER