Telesis Finances Out-Of-State Project

Register now

Telesis Community CU has signed a deal to finance the $10.2-million purchase of a 24-story office building in downtown Little Rock, Ark.

The California CU provided a five-year member business loan of $7.5 million to the purchaser, 200 West Capitol LLC, of Reseda, Calif. The 268,598-square-foot building is located at Bank of America Plaza.

Telesis Community CU, which has one of the largest business lending operations of any credit union, generally participates out, or syndicates, its loans. (c) 2006 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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