August 2021 – UC Funds, a vertically integrated commercial real estate specialty finance firm, funded a $8.4 million loan for the acquisition of a 64,000 SF Class A medical office building in the Salt Lake City market. This recent transaction demonstrates UC Funds’ competitive advantage of being quick and reliable. This transaction closed in less than 21 days from term sheet execution.
“In addition to speed, this transaction is a good example of UC Funds’ national footprint spanning all asset classes”, said Ross Pemmerl, Chief Credit Officer for UC Funds. “The Salt Lake City medical office market is growing at 2.5 times the overall office market while maintaining strong occupancies and rental rate growth, and we believe the underlying fundamentals in this market will support further growth in the medical sector over the next decade.”
Salt Lake City has been experiencing high growth numbers across its business and residential sectors for the past five years driving demand and attractive rates for both office and residential asset classes.
For more information on recent transactions: https://ucfunds.com/recent-transactions/.