BOSTON--()--UC Funding LLC is pleased to announce that it has funded a $4 million investment to facilitate a recapitalization of the ownership group, on a 267 unit, Class “A” multifamily asset located in Fort Walton Beach, FL. The asset is situated close to Eglin Air Force Base. UC Funding underwrote and funded the transaction in less than 30 days. This is the second loan funded, in one week, by UC Funding, in the Panhandle of Florida.
“Our Borrower had the opportunity to purchase the equity interests of his partners, at a discounted price. We pride ourselves on seeing value of our partners and are able to creatively structure around issues that other groups cannot. This first time client, came to us after doing extensive research on our company. We then delivered a capital solution quickly and efficiently.” said Dan Palmier, President of UC Funding.
Please Note: UC Funding will be attending the MBA CREF/Multifamily Housing Convention & Expo from February 3rd to 6th in San Diego, California. If you would like to meet with us, please email Frank Dellaglio (email@example.com) to schedule a time.
UC Funding is a national balance sheet provider of capital solutions, involving both debt and equity, that has closed in excess of $500 million in real estate investments over the last 18 months. UC Funding looks to hit the $1 billion dollar mark in 2013. For more information about UC Funding’s commercial real estate platform, please visit (www.ucfunds.com).
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).