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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.

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