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$284M Loan Now Closed for Moffett Towers Phase II

SUNNYVALE, CA-As GlobeSt.com previously reported, Jay Paul Co.’s construction/bridge loan will finance Moffett Towers Phase II, a 1.033-million-square-foot, class-A mid-rise office project here.

By Natalie Dolce | Updated on April 23, 2012

SUNNYVALE, CA-US Bank and Jay Paul Co. have officially closed on a $284.7-million construction/bridge loan that will finance Moffett Towers Phase II, a 1.033-million-square-foot, class A mid-rise office project in Sunnyvale, CA. The Moffett Towers Phase II construction/bridge loan is the largest financing of its kind so far this year outside of New York, according to a prepared statement.

Construction on Moffett Towers Phase II is already underway and is scheduled to be completed in 2013. US Bank is the lead bank on the deal.

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