UC Funds $9.5 Million in Miami, FL
Optimal Rates & Execution for Sponsors to Achieve Superior Business Plan
Boston, MA – UC Funds $9.5 million for a multifamily renovation project in the Miami market. This first mortgage bridge loan will be used to complete renovations of a two-building, 72-unit multifamily property in the Little Havana neighborhood of Miami, Florida. This week’s transaction highlights UC Funds’ UC GO platform with rates starting at SOFR+250.
“This project demonstrates our commitment to continue lending as others withdraw options for borrowers. We provided a lower cost of capital to excellent sponsors who required additional time to complete a solid project in a significant market,” said Justin Capuano, Vice President of Production. “This project is an example of our UC GO platform providing entrepreneurial structures for shorter term bridge loans.”
About UC Funds. Providing over $4 billion of capital solutions, UC Funds is a one-stop shop for commercial real estate capital solutions and has earned a national reputation for being the industry’s most sophisticated financial ally. UC Funds is headquartered in Boston with offices in New York, Atlanta, Miami, Chicago, and Denver. For information on our lending platform or investing opportunities, please email email@example.com.