UC Funds’ hires Catherine Oniffrey as Head of Capital Markets
Boston, MA – April 18, 2018 – UC Funds, a vertically-integrated commercial real estate specialty finance firm, recently announced the launch of its first New York City office to support the launch and execution of its new business line to expand opportunities in traditional and new commercial real estate markets and establish new relationships with banking and capital markets partners. To facilitate the process, UC Funds recently hired Catherine Oniffrey as Head of Capital Markets to oversee UC Funds’ new Manhattan branch, effective March 5, 2018. Additionally, Rosemarie McElwee Console has been promoted to Senior Vice President of Marketing and Business Development.
The firm is utilizing four critical business lines, traditional products, assets, capital markets, and new products to move this expansion forward. UC Funds’ capability and infrastructure for origination, underwriting, servicing, and asset management will appeal to banks, pension funds, insurance companies, and other entities seeking exposure in New York real estate at a higher capital stack.
The new hire of Head of Capital Markets, Catherine Oniffrey has over 30 years of experience in commercial banking, finance, and investment, at companies such as Bank of Scotland, Lloyds Banking Group, and Centennial Bank. She most recently served as Managing Director at Centennial Property Finance. In her new position, Oniffrey will oversee core business development and strategic initiatives to further UC Funds’ funding strategy. She will execute and manage financial transactions in the New York space, as well as drive new sponsor development. Oniffrey will be based out of UC Funds’ new branch office in New York City, located at 12 East 49 Street, Tower 49.
“To date, Daniel Palmier and UC Funds have done a stellar job identifying niche sectors and product offerings to take advantage of any shifts in the market,” said Oniffrey. “Joining such a solid network of colleagues and strong leadership makes this an incredibly exciting opportunity.”
As Senior Vice President of Marketing and Business Development. Rosemarie McElwee Console will lead the effort to organize and expand UC Funds’ revenue. Console has broad experience in business development, product launching, and marketing strategy in real estate, education, and software and data markets. Her recent experience includes high-level positions at O’Neill Properties Group LP, McGraw-Hill Education, and Thomson Learning. Console will work across teams at UC Funds to secure revenue opportunities within the commercial real estate space. Console will also manage new business and management at UC Funds’ trophy asset, ONE CLUB Gulf Shores, opening in June 2018. Console is overseeing new product positioning, marketing, sales, and golf revenue streams for UC Funds’ renovated multifamily property.
“Catherine is a solid investment into the future of UC Funds, as she is a seasoned professional with experience in both the origination side for debt and equity deals as well as a presence connecting with individual owner-operators, brokers, and the like,” said Daniel M. Palmier, President and CEO of UC Funds. “I have no doubt Catherine will play a crucial part in expanding our presence with this new outpost in New York City. Additionally, Rosemarie is sure to continue bringing immense value to the firm as new, large-scale projects come to fruition.”
UC Funds is expanding extending its reach through market segments with traditional products, cutting-edge products, such as UC GO, and the development and management of new real estate opportunities that the firm develops and manages. 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 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. The variable rate non-recourse product, which starts at LIBOR +350, is available for loans as little as $5 million. To apply for UC GO financing, please contact Domenico Manago, Managing Director of Sales, at 857-288-2811 or email Dmanago@ucfunds.com. For more information on UC Funds, visit www.UCFunds.com or https://danielpalmier.ucfunds.com/.