print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

Tech CU Provides $23 Million Construction Loan for New San Mateo Apt. Project

W.L. Butler's 60-Unit Development to Overlook Central Park
February 16, 2018
W.L. Butler, Inc. has secured a $23 million loan through Technology Credit Union (Tech CU) for the development of a new 60-unit apartment building to overlook Central Park in San Mateo, CA.

Located at 885 S. El Camino Real, the four-story workforce housing complex will feature a mixture of one-bedroom units, one-bedroom with a study units, and two-bedroom/two-bath units. Of the 60 apartments, six have been earmarked as below market rate units.

Construction in the project is slated to commence next month with a delivery date scheduled for late 2019.
GET IN TOUCH        Contact CoStar News Team:   News@CoStar.com

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News