The UC Funds team wishes you, your families and friends a Happy Independence Week.
UC Funds committed $100 million of capital, which includes the acquisition of the Courtyard by Marriott, a 115-guest room hotel for $26 million and $40 million for Park Square West, a 143-unit, Class A multifamily property situated in the heart of downtown Stamford, CT. In addition, UC Funds a $26 million adaptive reuse bridge loan to convert the vacated historic Salvation Army building into a 183-guest room District Hotel in Pittsburgh, PA and a $8 million bridge loan for a 72-unit Class A multifamily property located in Charleston, SC.
Daniel Palmier, President and CEO of UC Funds said “While most of our competitors were gearing up for the beach, for the sixth year in a row, our extraordinarily dedicated team turned up the heat this week, with good ol’ American ingenuity and work ethic resulting in $100 million of new investments, including the acquisition of two trophy assets located in the heart of Stamford CT.”
UC Funds provides a “One Stop Shop” for both debt and equity capital solutions. UC Funds has provided
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UC Funds provides quick financial solutions throughout the entire capital stack, including joint venture
equity. UC Funds is one of the nation’s most entrepreneurial lending institutions, focused on Multifamily,
Retail, Office, Hotel, Industrial/Warehouse, Adaptive Reuse and Construction assets nationwide.