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March 25, 2010

Bellevue Towers

Union Bank was designated a preferred lender by Bellevue Towers, a 539-unit condominium project. Union officials say the bank specializes in jumbo loan financing up to $5 million. Last summer, Bellevue Towers developer Gerding Edlen cut prices by 20 percent for the next 50 buyers. For those buyers, prices ranged from $349,000 to $3.35 million. A spokesperson for the developer said 87 of the condos have sold and another 82 are under contract. Bellevue Towers was LEED gold certified.




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