UC Funds a $10.5 Million loan on Class A Student Housing at Georgia Southern University
UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced today the closing of a $10.5 Million first mortgage loan for the refinancing of The Vault student housing next to the campus of Georgia Southern University. The Property’s location, walking distance to campus and amid walkable retail shops and services for students, is one of the top off-campus student housing assets in the market.
UC Funds’ loan enables the Sponsor to continue operational improvements to provide value to students of Georgia Southern University, a Division I research institution with enrollment in excess of 20,000. This marks UC Funds’ 22nd transaction in the Georgia market.
“Only a half-mile from campus, The Vault provides the students of Georgia Southern University with highly desirable, Class A living options at very competitive rates,” said Domenico Manago, Managing Director of Sales at UC Funds. “The work the Sponsor has done thus far to enhance the student experience and improve operational efficiencies paired with UC Funds’ expertise in student housing investments make this an excellent business plan,
About UC Funds
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 or call (844) UC Funds.