Firm starts 2019 strong with three multifamily closings in Southern region
Boston, MA – February 14, 2019 – On the heels of closing 2018 with $280 million in annual volume, UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced today it has completed $30 million in new transactions in January 2019 alone. The firm continued its Southern expansion, closing multifamily transactions in the markets of Dallas, Texas; Atlanta, Georgia; and Columbia, South Carolina. With these three deals, UC Funds has exceeded $2 billion in total financing to date.
January closings included:
- A $14.3 million first mortgage loan for the acquisition and renovation of Golden Gate Townhomes in Stone Mountain, Georgia, 12 miles from Downtown Atlanta
- A $9.3 million first mortgage loan for the acquisition and renovation of Luau and Koko Apartments, two multifamily properties less than five miles Northwest of downtown Dallas
- A $7.4 million first mortgage loan for the acquisition and renovation of Jamestowne Apartments, a multifamily community in Columbia, South Carolina, the state’s second largest city
“The year is off to a running start,” said Daniel Palmier, Founder and CEO of UC Funds. “After a profitable 2018 our team aimed higher, and set out to close $30 million in deals by January’s end. We’re more motivated than ever to continue strategically investing in multifamily redevelopments in secondary markets. We look forward to expanding our presence down South and throughout the United States as 2019 progresses.”
UC Funds is known as the “go-to” commercial real estate capital provider and the most sophisticated financial ally in the industry. Its 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
UC Funds is a vertically integrated commercial real estate specialty finance firm that originates, structures, underwrites, and asset manages its 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. 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. For more information on UC Funds, visit www.UCFunds.com.
Associate Vice President