UC Funds extends relationship with trusted partner as former Villa Valdos property reaches stabilization
Valdosta, GA – April 4, 2018 – UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced today the closing of a $1.46 million first mortgage loan for Courtyards on Park. Courtyards on Park, a seven-building, 56-unit multifamily complex located at 1425 E. Park Avenue in Valdosta, Georgia, is currently 96 percent occupied.
Previously known as Villa Valdos, the complex was built in 1968 and sits on 5.4 acres. Amenities include a laundry room, swimming pool, clubhouse, and 52 storage units located in the rear of the property.
“Our long-standing partnership with the borrower is yet another example of how our clients are so satisfied with our financial solutions, that they return to us for additional low-cost products once their properties become stabilized,” said Daniel M. Palmier, President and CEO of UC Funds.
Approximately 65 miles from Tallahassee, Florida, Valdosta is home to the Moody Air Force Base. The town is also home to the South Georgia Medical Center and Valdosta State University.
Providing over $2 billion of capital solutions to date, UC Funds is known as the “go to” commercial real estate capital provider and the most sophisticated financial ally in the industry. Their team is dedicated to developing and maintaining long-term relationships with borrowers, and the company has earned a strong reputation for providing extensive reliability, standing by borrowers through completion. Those interested in learning more about UC Funds can visit www.UCFunds.com.
About UC Funds
Founded in 2010 by Daniel M. Palmier, UC Funds is a vertically integrated commercial real estate specialty finance firm that originates, structures, underwrites, and asset manages its commercial real estate investments. A national balance sheet provider of both debt and equity capital solutions, UC Funds has provided over $2 billion of capital solutions to date. UC Funds offers quick and customized financial solutions throughout the entire capital stack, including joint venture equity. One of the nation’s most entrepreneurial lending institutions, UC Funds focuses on multifamily, retail, office, hotel, industrial/warehouse, adaptive reuse, and construction assets nationwide. The firm has developed strong relationships with past and current borrowers through their renowned customer service, creativity, speed, and reliability. In July 2017 UC Funds announced the launch of their industry leading non-recourse commercial mortgage bridge loan, UC GO. This is the most transformative and competitive commercial mortgage product available in commercial real estate. UC GO is now available at 85 percent loan to value and 0.5 debt service coverage ratio. The variable rate non-recourse product, which starts at LIBOR +395, is available for loans as little as $5 million. To apply for UC GO financing, please contact Joseph Ambrose, Senior Vice President of Production, at 1-844-UCFUNDS or email jambrose@ucfunds.com. For more information on UC Funds, visit www.UCFunds.com or https://DanPalmier.wordpress.com/.
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