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May 18, 2018  

Annaly Funds Silicon Valley Offices

Annaly Capital originated a $71.6 million bridge loan last week on a Silicon Valley office/research-and-development complex.The 262,000-square-foot property, in San Jose, is owned by a joint venture between Rockwood Capital of New York and Four Corners Properties of San Francisco.The floating-rate loan has a four-year term, with a one-year extension option. Annaly immediately funded $45 million, which the Rockwood team used to retire a loan from...

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