UC Funds recently announced its closing on a $20.55 million first mortgage loan for the second phase of mixed-use development Liberty Square, at 236 West Thompson Street in the Northern Liberties neighborhood of Philadelphia.
UC Funds announced the closing of an $8 million first mortgage loan for a 34-unit multifamily property in Long Beach, California. The loan will fund large-scale renovations and upgrades for the property and individual units. The asset, consisting of two adjacent two-story buildings, was built in 1961.
Philadelphia’s Liberty Square Phase II calls for a ground-up mixed-use development thanks to UC Funds’ first mortgage loan of $20.55 million. Once complete, Liberty Square Phase II will include an underground parking garage…
