uc funds phoenix arizona

UC Funds announced today the funding of a $6.8 million first mortgage adaptive reuse from hospitality to a 130 unit multifamily in Mesa, Arizona.

The project, Vivo Apartments, is a conversion and reflects UC Funds’ expertise in adaptive reuse and complex business plans. “The Phoenix market has very strong fundamentals and is poised for continued expansion in the rental market, said Ross Pemmerl, Chief Credit Officer of UC Funds. “Vivo is an example of our ability to look at deals through an entrepreneurial lens”.

The Phoenix MSA is a top market in the United States with population growth at 2.5 times the national average. Its economic drivers are also very strong with many Fortune 500 companies, health care, military, and several annual sporting and entertainment events.

Have an Adaptive Use project you want to discuss?