Silicon Valley Bank recently made an $11.7 million mortgage on two contiguous industrial properties in Sunnyvale, Calif., with help from Bridger Commercial Funding, a San Francisco conduit lender.

David Clower, a vice president in Silicon Valley's real estate group, said the bank had financed the purchase and renovation of the buildings with short-term, floating-rate loans. The bank prefers not to hold long- term, fixed-rate real estate loans, he said.

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