UC Funds $18.5 Million for Multifamily Portfolio in Newark, NJ

Boston, MA – March 4, 2020 – UC Funds, a vertically-integrated commercial real estate specialty finance firm, announced today the closing of a $18.5 million first mortgage loan for the acquisition of a multifamily portfolio totaling 251 units located in Newark, New Jersey. “This Newark Portfolio provides affordable living and easy access to New York City with value-add renovations for the market,” said Ross Pemmerl, Vice President of Underwriting for UC Funds. “We were able to work alongside the Sponsor to develop a creative capital solution for the entire portfolio.”

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.

Contact us today to learn more.