UC Funds $32 Million in Tacoma, WA
Fast Closing for New Construction
UC Funds, a vertically integrated commercial real estate specialty finance firm, funded a $32 million loan for the ground-up development of a multi-phase Class A multifamily project in the suburbs of the Tacoma market.
This recent transaction demonstrates UC Funds’ certainty of execution and speed for a dedicated sponsor to the Pacific Northwest region.
“The deal was stalled and needed an entrepreneurial edge on the structure to give it some life,” said Ross Pemmerl, Chief Credit Officer for UC Funds. “We were able to assure the sponsor of our certainty of execution and match his business plan with a winning structure for all. We are excited to be part of this multi-phase project in such a strong submarket.”
For more information on recent transactions: https://ucfunds.com/recent-transactions/.