BOSTON--(BUSINESS WIRE)--UC Funding LLC is pleased to announce that it funded a $3.5 million equity investment for the purchase of land and subsequent development of a hotel in Stamford, CT. The property site is located in the heart of the business district in Stamford, Connecticut. The soon to be built hotel is flanked by a host of Fortune 500 companies. The availability of the land parcels was unexpected and required a very quick closing to satisfy the seller’s demands. UC Funding underwrote and funded the transaction in less than 10 days.
“Our partner is a repeat client, who was looking to expand his footprint and capitalize on immediate development opportunities. We pride ourselves on seeing value and key opportunities. This client came to us knowing that we would close the transaction quickly and efficiently,” said Dan Palmier, President of UC Funding.
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).