UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced today the funding of a $25 million first mortgage refinance of a land deal in Orlando, Florida.
The land is minutes south of “Epic Universal” a $10 billion project from Universal, the largest new theme park investment in Orlando, slated to open in 2023. The land’s entitlement rights are for 5,000 hotel keys, 450,000 square feet of commercial space, and 350 apartment units.
“With entitlements in the Orlando area being finite, this land holds tremendous value.” said Dan Palmier, Founder and CEO of UC Funds. “We already have interest from top brands in the entertainment and hospitality industry for joint ventures and acquisitions.”