Boston-Based UC Funds Closes $30 Million in New Transactions

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Boston, MA On the heels of closing 2018 with $280 million in annual volume, UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced that it has completed $30 million in new transactions in January 2019 alone.

The firm continued its Southern expansion, closing multifamily transactions in the markets of Dallas, Texas; Atlanta, Georgia; and Columbia, South Carolina. With these three deals, UC Funds has exceeded $2 billion in total financing to date.

January closings included:

  • A $14.3 million first mortgage loan for the acquisition and renovation of Golden Gate Townhomes in Stone Mountain, Georgia, 12 miles from Downtown Atlanta
  • A $9.3 million first mortgage loan for the acquisition and renovation of Luau and Koko Apartments, two multifamily properties less than five miles Northwest of downtown Dallas
  • A $7.4 million first mortgage loan for the acquisition and renovation of Jamestowne Apartments, a multifamily community in Columbia, South Carolina, the state’s second largest city

“The year is off to a running start,” said Daniel Palmier, Founder and CEO of UC Funds. “After a profitable 2018 our team aimed higher, and set out to close $30 million in deals by January’s end. We’re more motivated than ever to continue strategically investing in multifamily redevelopments in secondary markets. We look forward to expanding our presence  down South and throughout the United States as 2019 progresses.”