LA MORAGA APARTMENTS DEVELOPMENT RECEIVES $52M CONSTRUCTION LOAN

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SAN JOSE, CALIF. – The 275-unit La Moraga Apartments development in San Jose has received a $52-million construction loan. This new mixed-income multifamily community will be located at the corner of Raleigh Road and Charlotte Drive. It is one of the first apartment developments to arise in the South San Jose area since 2004. The project is scheduled for completion in mid-2014. La Moraga is being developed by St. Anton Partners. The loan was provided by U.S. Bank.

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