UC Funds $13.5 Million in the Southeast

UC Funds, a vertically integrated commercial real estate specialty finance firm, announced today the $13.5 million acquisition and renovation financing of 269 multifamily units in Birmingham, Alabama.

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This recent closing represents UC Funds’ 7th transaction in Birmingham. “We love the Birmingham market and the Southeast region”, said Joe Ambrose, Senior Vice President of Production for UC Funds. "The sponsors on this project (Northway Equities) heard of our continued closings despite the Covid-19 pandemic and sought us out for our reliability and certainty of execution to close two important deals in their portfolio.“

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Birmingham is the largest city in Alabama and has unemployment levels well below theUS average. Previously known for its manufacturing core, Birmingham has transformed itself into a banking, medical research and transportation-driven economy. Amazon is currently constructing a fulfillment center in Birmingham which will add 3,000 jobs in the city.

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About UC Funds

Providing over $2 billion of capital solutions, UC Funds is a one-stop shop for commercial real estate capital solutions and has earned a national reputation for being the industry’s most sophisticated financial ally. We are "ALL IN" for the next 10 years.

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