When Technology Credit Union began its commercial real estate program in 2006, one of the formulas to make it work was clear: keep it local.
Over the past two years, the majority of the credit union's deals have been in CRE and construction lending and refinancing for commercial properties in the San Francisco Bay area.
Since then, the $1.7 billion cooperative in San Jose, Calif., has built a $145 million commercial loan portfolio consisting of CRE, construction, multifamily loans and SBA loans, according to Joe Anzalone, executive vice president and chief banking officer.
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