UC Funding Structures and Funds Another JV Equity Investment in Houston, Texas
BOSTON--(BUSINESS WIRE)--UC Funding LLC is pleased to announce the funding of a $2.1 million JV equity investment in a 127-unit, Class B multifamily property located in Houston, Texas. UC Funding’s focus will be maintaining high occupancy and increasing rents to current market levels as units turn over. In addition to 198 parking spaces, community amenities at the property include one swimming pool, a picnic area, a decorative fountain and two laundry rooms. In-unit amenities include large, attractive floor plans, faux-wood floors on all first floor units, full kitchen appliance packages, gas stoves in 50% of the units and private balconies/patios.
“UC Funding has targeted the state of Texas for both debt and equity investments. We are bullish on the Texas economy and pro-business government”
“UC Funding has targeted the state of Texas for both debt and equity investments. We are bullish on the Texas economy and pro-business government,” said Dan Palmier, President & CEO of UC Funding.
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).