UC Funding Structures and Funds Another $16.8 Million Acquisition Bridge Loan In Perimeter Center, Atlanta, GA
BOSTON--(BUSINESS WIRE)--UC Funding LLC is pleased to announce the structuring and funding of a $16.8 million acquisition bridge loan for a 262,000 SF office building located in the central Perimeter office market. The property is situated with over 1,000 feet of direct frontage on Interstate 285, one of the busiest highways in Atlanta with a traffic count of approximately 250,000 cars per day.
“We provided our new sponsor with what they needed to win the deal, a quick commitment and closing in less than 21 days.”
Dan Palmier, President and CEO of UC Funding commented, “We provided our new sponsor with what they needed to win the deal, a quick commitment and closing in less than 21 days.”
UC Funding's core belief is that real estate ownership and financing should work together. UC Funding shares each partner's vision of creating innovative, reliable financial solutions and delivering them lightning fast.
UC Funding is a national balance sheet provider of both debt and equity capital solutions, that has closed in excess of $700 million in real estate investments over the last 18 months. UC Funding looks to surpass the $1 billion dollar mark in 2014. For more information about UC Funding’s commercial real estate platform, please visit (www.ucfunds.com).
UC Funding provides quick 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 Multifamily, Retail, Office, Hotel, Industrial/Warehouse, Adaptive Reuse and Construction assets nationwide. For more about the UC Funding’s commercial real estate platform, visit (www.ucfunds.com).