2020’s #1 New Construction Specialty Finance Lender
December 7, 2020 – UC Funds, a vertically integrated commercial real estate specialty finance firm, funded $27 million to complete the new construction of a 120-unit Class A multifamily project in Fairfield County, CT.
This recent transaction establishes UC Funds’ 2020 leadership in multifamily and new construction lending, particularly during the pandemic. “UC Funds has been stepping in, nationwide, to help new construction projects avoid delay and achieve their business plan,” says Domenico Manago, Managing Director of Sales for UC Funds. “Throughout 2020 and the pandemic, we have helped to fund stalled projects and keep local economies prospering the way they should. There is no other lender out there who has taken this approach and we plan to continue in 2021.”
Fairfield County is the wealthiest county in Connecticut. This submarket contains numerous Fortune 500 companies and displays solid economic and demographic fundamentals, which UC only sees growing stronger over the foreseeable future.