BOSTON--()--UC Funding has closed an $8.7 million bridge loan on the Garrison Apartments located in Marietta, GA. The loan was used to acquire and renovate the property.
Garrison Lakes Apartments is a class B, 222 unit multifamily property, that was built in 1985. The property located 14 miles northwest of CBD Atlanta. Garrison Lakes Apartments is located within 3 miles from Interstate 75 and 6 miles from the Interstate 75 and 285 interchange. The property is also less than a half mile from Dobbins Air Reserve Base and Lockheed Martin.
This is the second transaction with the same borrower and one of many in the Atlanta Metroplex over the last 12 months.
UC Funding LLC (www.ucfunds.com) is a national, diversified, real estate finance company, founded in 2010 and headquartered in Boston, with offices in New York and Miami. UC Funding provides commercial real estate financing solutions throughout the United States. Nearing 1 Billion in capital and a growing staff of 50 team members, UC Funding serves as one of the nation’s fastest growing real estate financing institutions. UC Funding was nominated company of the month during 2011 by both the New York Real Estate Journal and New England Real Estate Journal. UC Funding’s core belief is that real estate ownership and real estate financing should work together as a partnership. By working together, UC Funding shares each and every client’s vision of creating innovative financial solutions.
UC Funding provides financial solutions throughout the entire capital stack, including joint venture equity. UC Funding is one of the nation’s most entrepreneurial lending institutions focused on Multi Family, Retail, Office, Hotel and Industrial/Warehouse assets nationwide. For more about the UC Funding’s commercial real estate platform, visit (www.ucfunds.com).