City of San Jose Awards Financial Services Contract to Silicon Valley Bank (October 2024)
City of San JoseCity · San Jose, CA- Disclosed value
- $29,612,583 construction loan (not to exceed $31,031,846)
- From agenda
- Awarded
- Oct 3, 2024
The 30-second brief
Silicon Valley Bank was awarded the construction loan for the Hawthorn Senior Apartments development, totaling nearly $29.6 million for the construction phase.
Silicon Valley Bank holds this financial services contract with City of San Jose. Its other public contracts on record include work for Highlands Recreation Community Services District and Cambridge Health Alliance.
Term as filed: construction period financing (anticipated 19 months, closes mid-October 2024).
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Contract details
- Contract type
- Financial Services
- Amount
- $29,612,583 construction loan (not to exceed $31,031,846)
- Document date
- October 3, 2024
- Term
- construction period financing (anticipated 19 months, closes mid-October 2024)
- Vendor
- Silicon Valley Bank
- Agency
- City of San Jose
- Source document
- housing-authority-of-the-city-of-san-joseagenda2024-10-03_a3b.pdf (Agenda)
Silicon Valley Bank's other public contracts
More City of San Jose contracts
Questions about this contract
Who was awarded the financial services contract by City of San Jose?
Silicon Valley Bank was awarded this financial services contract by City of San Jose, as recorded on October 3, 2024. The contract value is $29,612,583 construction loan (not to exceed $31,031,846).
How much is the Silicon Valley Bank contract with City of San Jose worth?
The Silicon Valley Bank contract with City of San Jose is valued at $29,612,583 construction loan (not to exceed $31,031,846), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in housing-authority-of-the-city-of-san-joseagenda2024-10-03_a3b.pdf (Agenda), dated October 3, 2024 from City of San Jose. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Silicon Valley Bank hold?
Silicon Valley Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of San Jose currently buying?
Explore City of San Jose's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.