BOSTON--(BUSINESS WIRE)--UC Funds is proud to announce the funding of a $9.65 million equity investment for ground-up construction of a multifamily complex in Winter Springs, Florida.
GrandeVille at Town Center will be a 244 unit, class AAA apartment complex with first-rate amenities. Each unit will boast large floor plans with granite countertops, pendant lighting, designer cabinetry and stainless steel appliances. Community amenities will include an attached parking garage, courtyard with grill area, putting green, fitness center, business center and clubhouse.
GrandeVille at Town Center will be centrally located in the town of Winter Springs, approximately 15 miles northeast of the Orlando CBD and next to major retail, schools, and city hall. This location is within 25 minutes of Central Florida Research Park and the University of Central Florida, as well as numerous major office complexes.
“UC Funds is excited to team with this experienced sponsor to provide balance sheet funding for ground-up construction of such an outstanding multifamily property,” said Ricardo Alburez, UC Funds’ Chief Credit Officer. “We continue to look for exciting development opportunities in Florida and across the country.”
UC Funds is a national balance sheet provider of creative capital solutions that has closed in excess of $750 million in real estate transactions over the last 18 months and looks to surpass the $1 billion dollar mark in 2014.
UC Funds provides quick, customized financial solutions throughout the entire capital stack. For more about the UC Funds’ commercial real estate platform and how we can help capitalize your commercial real estate investments, visit (www.ucfunds.com).