GULF SHORES, AL – UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced today the official transition of the multifamily property Emerald Greens in Gulf Shores Alabama, to ONE CLUB Gulf Shores. UC Funds purchased the asset in 2016 to conduct an extensive capital improvement program, raising the standards of living for residents of Gulf Shores. The beach adjacent property consists of 490 one-, two-, and three-bedroom condos and apartments offering multiple floor plans and top-of-the-line features to match any lifestyle. ONE CLUB is just four miles from the beach and one mile from Jack Edwards National Airport, a general aviation airport with charter services, and slated to add commercial flights by 2020 at the latest.
ONE CLUB is located at 4000 Gulf Shores Parkway, Gulf Shores in Baldwin County, one of the fastest growing counties in Alabama. The community provides a private and dynamic setting for those hoping to relocate or purchase a second home for winter getaways. ONE CLUB welcomes individuals looking for easy access to a fun-filled, active lifestyle, from lounging in the sauna or playing a friendly game of billiards at the Clubhouse, to perfecting golf swings on the property’s upgraded course.
“We chose to rename the asset ONE CLUB because it signifies the goal behind this transition,” said Daniel Palmier, President and CEO of UC Funds. “We want to give residents everything they need and enjoy in one place. ONE CLUB’s enhanced amenities, combined with its array of relaxing and invigorating activities, allow an opportunity not only for respite among lush green surroundings, but also for neighbors to come together and build a cohesive community.”
UC Funds has financed extensive renovations to the property, including a completely upgraded nine-hole golf course, entertaining for both amateurs and experienced golfers. The onsite amenities have also been expanded and improved. UC Funds added two brand new pools and cabanas to the resident-only pool club, in addition to a renovated Fitness Center, a full-sized tennis court, pickle ball, and basketball. Resident amenities will be improved, with the addition of extended living spaces and new dining options. Significant renovations to the Clubhouse are currently underway and will include upgrades to the Pro Shop and the 10th Hole Bar and Grille, which offers casual dining and a diverse menu. The Porch at ONE CLUB is an equally enticing option, catering to young families and grandchildren with delicious home-style barbeque. UC Funds recently retained the highly-respected property management company, Pinnacle, who took over operations at ONE CLUB on November 1. Renovations are expected to reach completion by the end of 2017.
ONE CLUB provides quick access to the best of Gulf Shores. The vibrant city is rapidly becoming a favorite among individuals and families looking to avoid the crowds found at many neighboring beach destinations. Gulf Shores boasts award winning white sand beaches and marinas, as well as the world class golf courses, accompanied by an assortment of family friendly activities like OWA, World Series baseball, NCAA Women’s Beach Volleyball Championships, and an ongoing variety of festivals and events. ONE CLUB’s close proximity makes it easy for residents to enjoy the attractions that make Gulf Shores a top choice among visitors to the Emerald Coast.'
Providing over $2 billion of capital solutions to date, UC Funds is known as the “go to” commercial real estate capital provider and the most sophisticated financial ally in the industry. Their team is dedicated to developing and maintaining long-term relationships with borrowers, and the company has earned a strong reputation for providing extensive reliability, standing by borrowers through completion.
About UC Funds: Founded in 2010 by Dan Palmier, UC Funds is a vertically integrated commercial real estate specialty finance firm that originates, structures, underwrites, and asset manages commercial real estate investments. A national balance sheet provider of both debt and equity capital solutions, UC Funds has provided over $2 billion of capital solutions to date. UC Funds offers quick and customized financial solutions throughout the entire capital stack, including joint venture equity. One of the nation’s most entrepreneurial lending institutions, UC Funds focuses on multifamily, retail, office, hotel, industrial/warehouse, adaptive reuse, and construction assets nationwide. The firm has developed strong relationships with past and current borrowers through their renowned customer service, creativity, speed, and reliability. In July 2017 UC Funds announced the launch of their industry leading non-recourse commercial mortgage bridge loan, UC GO. This is the most transformative and competitive commercial mortgage product available in commercial real estate. UC GO is now available at 85 percent loan to value and 0.5 debt service coverage ratio. The variable rate non-recourse product, which starts at LIBOR +350, is available for loans as little as $5 million. To apply for UC GO financing, please contact Domenico Manago, Managing Director of Sales, at 857-288-2811 or email Dmanago@ucfunds.com. Those interested in learning more about UC Funds can visit www.UCFunds.com.