June, 2021 – UC Funds’ bridge loan program known as UC GO is heating up in 2021. Why? UC GO is competitive, aggressive, and in high demand for those transitional assets in an acquisition, renovation, or refinance cycle. UC GO expands UC Funds’ platform in keeping with the firm’s mission to offer the most creative capital solutions across a national platform for all asset classes.
“Coming out of the pandemic, commercial real estate developers and owners are clamoring for UC GO because we do not have bank restrictions nor personal recourse obligations” says Dan Palmier, President and CEO of UC Funds. “Many projects being evaluated are coming off a construction loan or have a value-add story.”
UC GO is a non-recourse bridge loan typically available at 85% loan to value and as low as 3-4%. While most commercial mortgage products provide between 60 and 75 percent LTV, UC GO is able to provide an 85 percent LTV and is non-recourse.
Using UC Funds’ technologies and an integrated team of analysts, underwriters, and asset managers, borrowers can expect term sheet to closing in an average of 30 days. UC Funds’ thorough project-vetting approach also allows for higher reliability and certainty of execution. To have a UC Funds team member contact you, click here.