Tallahassee, Florida multifamily renovation
February, 2021 – UC Funds, a vertically integrated commercial real estate specialty finance firm, funded the bridge loan for an 80-unit multifamily. This project provides high-demand workforce housing for the Tallahassee submarket of Florida.
This recent transaction highlights UC Funds’ large volume of repeat sponsor deals. “The Tallahassee deal demonstrates why sponsors choose UC Funds and why they come back to us: Speed and Certainty of Execution,” said Domenico Manago, Managing Director of Sales for UC Funds.
“We are a One-Stop-Shop for commercial real estate lending and that full service approach is why sponsors know they will be able to quickly launch their business plan when they partner with UC Funds.”
Tallahassee is anchored by government, research, and education sectors with low unemployment. Tallahassee’s solid fundamentals are expected to continue through expansion of research and development innovation centers.