Boston, MA– UC Funds originates a $27 million first mortgage for a 120-unit ground up multifamily development in the Philadelphia market. The project includes a best-of-class amenity package and covered spaces & garages for parking. The transaction highlights UC Funds’ entrepreneurial lens relative to today’s capital solutions for experienced borrowers.
“This loan demonstrates our commitment to being an aggressive financial ally even during the most uncertain economies. Since inception, UC Funds has found solutions for stellar multifamily construction projects with solid business plans,” said Domenico Manago, Sales Director for UC Funds. “We are happy to be part of the sponsor’s vision for this growing submarket in the Philadelphia market.”
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