UC Funds Celebrates Another Successful “Four on the Fourth”

Distinguished real estate specialty finance firm closes four major deals in honor of Independence Day

BOSTON--()--For the seventh year in a row, UC Funds will celebrate the Fourth of July by closing four major deals. Continuing a long-standing tradition of pushing through when others might be thinking of sand and sunshine, the UC team stays focused on their highly entrepreneurial client base and their business needs no matter the day or holiday season.

“At UC Funds, we know what matters and when it matters,” said Daniel Palmier, CEO of UC Funds. “We have the spirit of America in our company’s DNA and core values. And, just like our country’s founding fathers, we see the vision, the grit, the sacrifice, and the values of our clients. This is why we like to honor our clients and their hard work by closing four deals before we start our July 4th celebrations.”

Starting with a $5.6 million first mortgage loan provided for Parkside Apartments in West Palm Beach, Florida, the UC team began their mission to close four deals this week. UC Funds also provided a $19.5 million first mortgage loan to medical offices in Houston, Texas. The third deal, another first mortgage loan, in the amount of $10.65 million was originated for the redevelopment of a vacant four story building with an adjacent one story warehouse located in Dobbs Ferry, New York.

The fourth deal to light this year’s fireworks is the $40 million acquisition and renaissance project of the Residence Inn by Marriott in Stamford, Connecticut. Daniel Palmier and his team will deliver a one-of-a-kind hotel concept to the Stamford and New York metro market with an opening in Summer of 2018. This asset contributes to UC Funds’ overall $100 plus million commitment to the growth and expansion plans for downtown Stamford.

For more information about UC Funds please visit http://ucfunds.com/ or call 1-844-UCFunds.

About UC Funds

Founded in 2010 by Daniel Palmier, UC Funds is a vertically integrated commercial real estate specialty finance firm that originates, structures, underwrites, and asset manages its estate investments. A national balance sheet provider of both debt and equity capital solutions, UC Funds has provided over $1 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. For more information, visit http://UCFunds.com/ or https://DanPalmier.wordpress.com/.

Contacts

Press
Gregory FCA
Leigh Minnier, 610-228-2108
Vice President
leigh@gregoryfca.com

Release Summary

For the seventh year in a row, UC Funds will celebrate the Fourth of July by closing four major deals, honoring the hard work of their client base.

Contacts

Press
Gregory FCA
Leigh Minnier, 610-228-2108
Vice President
leigh@gregoryfca.com