COLUMBIA, SC - UC Funding LLC has funded a $4.75 million bridge loan to purchase and renovate a 180-unit, class C apartment complex. The sponsor is an experienced real estate professional with over 15 years of experience acquiring multifamily property within Texas, South Carolina and Florida. They currently own and manage over 5,300 units spanning 25 properties. UC believes that this transaction will foster a strong relationship between the sponsor and UC.
Dan Palmier, president & CEO of UC Funding, said, "We are looking forward to developing a long, mutually beneficial relationship with this experience."
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.
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.
Source: UC Funding / #Multifamily #Finance