UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced the funding of 2870 Olympic, a $30 million loan for the ground-up construction of a Class AAA apartment complex in the Koreatown neighborhood of Los Angeles.
2870 Olympic will be a trophy development with 126 luxury apartments, state-of-the-art amenities, and ground-floor retail.
“We are very excited to partner with our Sponsor on their expansion in Koreatown, a vibrant submarket of revitalization and development in Los Angeles,” said Dom Manago, Managing Director of Sales for UC Funds. “Olympic also represents UC Funds’ expertise in PACE lending and our ability to work through complex deal structures.”
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