Working side-by-side, UC Funds and HAP present new multifamily asset to vibrant East Harlem community
New York, NY – June 26, 2017 – UC Funds, a vertically-integrated commercial real estate specialty finance firm, and HAP Investment Developers announced today the grand opening of 329 Pleasant Avenue, an eight-story, luxury apartment complex in East Harlem, New York. The 21,500-square-foot modern building contains 20 studio, one, and two-bedroom apartments crafted by highly-regarded designer Karim Rashid. UC Funds and HAP have collaborated closely to bring the project to fruition since UC Funds originated the ground up construction loan in April of 2015.

“As development proceeded, UC Funds worked directly with HAP to overcome any barriers that arose along the way, providing them with the time and funding that was necessary to bring 329 Pleasant Avenue to life,” said Joel Pecoy, senior vice president of asset management at UC Funds. “The apartment building’s much anticipated ribbon cutting and grand opening represent the effective collaboration of UC Funds and HAP to successfully complete this project and bring top-notch apartment living to the evolving Harlem community.”

The East Harlem community is currently seeing a renaissance in commercial real estate development. 329 Pleasant Avenue is located near the popular East River Plaza, which houses Costco, Target, and Best Buy. It’s also situated within close proximity to Thomas Jefferson Park, the Silberman School of Social Work at Hunter College, and local hospitals. Residents can enjoy amenities such as: elevator access, private terraces, designer kitchen and baths, in-unit washers and dryers, a roof garden with panoramic views of Manhattan, and more.

Providing over $1 billion of capital solutions to date, UC Funds is UC Funds is known as the “go to” commercial real estate capital provider and the most sophisticated financial ally in the industry dedicated to developing and maintaining long-term relationships with its borrowers and has earned a strong reputation for providing extensive reliability, standing by borrowers through completion. Those interested in learning more about UC Funds can visit www.UCFunds.com.

About UC Funds

Founded in 2010 by Dan Palmier, UC Funds is a vertically integrated commercial real estate specialty finance firm that originates, structures, underwrites, and asset manages its estate investments. A national balance sheet provider of both debt and equity capital solutions, UC Funds has provided over $1 billion of capital solutions to date. UC Funds offers quick and customized financial solutions throughout the entire capital stack, including joint venture equity. One of the nation’s most entrepreneurial lending institutions, UC Funds focuses on multifamily, retail, office, hotel, industrial/warehouse, adaptive reuse, and construction assets nationwide. The firm has developed strong relationships with past and current borrowers through their renowned customer service, creativity, speed, and reliability. For more information, visit http://ucfundsmco.wpengine.com/ or https://DanPalmier.wordpress.com/.

###

Press Contact
Leigh Minnier
Vice President
Gregory FCA
610-228-2108
leigh@gregoryfca.com