UC Funds $25 Million Acquisition & Development Investment on Waterfront in Wilmington, North Carolina

Boston, MA – UC Funds, a vertically integrated commercial real estate specialty finance firm, invested $25 million for an 80-acre master planned community along the Cape Fear River in historic Wilmington, North Carolina. This property will be a multi-phased development, catering to the active-lifestyle individual, and will feature custom condos and townhomes, upscale apartment units, luxury hotel keys, high-end restaurants, and multiple marinas.

This recent transaction demonstrates UC Funds’ entrepreneurial lens, strong long-term relationships, and its “One Stop Shop” for commercial real estate capital solutions.   UC Funds’ investment was comprised of a first mortgage loan and a significant equity stake.

“Our partner has decades of experience developing some of the most notable master-planned communities along the Eastern Seaboard. UC Funds has been the financial ally of this co-developer for over 2 decades.  When we formulated plans for the site with our partner, we knew this was a transformational project for Wilmington,” said Daniel Palmier, Founder & CEO of UC Funds. 

“We were able to create an innovative capital structure that enabled a quick acquisition of the site and commence horizontal infrastructure work immediately,”  said Ross Pemmerl, Chief Credit Officer for UC Funds.

Wilmington benefits from significant relocation demand from baby boomers, with Brunswick County listed as the top county nationally for relocations in each of the past five years (Source:  ideal-LIVING). This vibrant community will help address Wilmington’s lack of available housing and will be met with very strong demand. The project sits alongside the bank of the Cape Fear River, minutes from downtown, 10 minutes from the airport and 25 minutes to the beach.

About UC Funds.    Providing over $4 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. UC Funds is headquartered in Boston with offices in New York, Atlanta, Miami, Chicago, and Denver.

For investment or lending inquiries, please contact info@ucfunds.com.