![We're Cranking: 3 Construction Lending Deals Closed in June UC Funds provides construction lending](https://ucfunds.com/wp-content/uploads/2020/06/uc-funds-off-to-races.png)
UC Funds is having a Trifecta week. With our reliable, quick, relationship-driven approach to construction lending, we have managed to get funding for previously stalled projects from Virginia to Idaho.
Projected Construction Lending Totals for 2020
$750MM projected construction lending total
$500MM has gone out for construction so far this year
National Multifamily projects and properties/projects is our target market
Our loan amounts range from $5MM – $50MM
Our typical terms are up to 80% LTC, 18 months to 3 years, non-recourse
Recently Funded
![We're Cranking: 3 Construction Lending Deals Closed in June boise funding construction](https://ucfunds.com/wp-content/uploads/2020/06/Pacific-NW-Boise.jpg)
MULTIFAMILY – $13 MM: BOISE, IDAHO (PACIFIC NORTHWEST)
Another bank stalled on funding in the midst of construction. UC Funds continues to be the “Go To” capital provider to close deals. UC quickly reviewed the business plan, underwrote the transaction, and closed on time, on terms.
![We're Cranking: 3 Construction Lending Deals Closed in June indiana construction funds](https://ucfunds.com/wp-content/uploads/2020/06/Indianapolis-Indiana.png)
MULTIFAMILY – $33 MM INDIANAPOLIS, INDIANA (MIDWEST)
The sponsor’s original lender halted operations due to COVID 19 pandemic just 27 days ago. The UC Team jumped in, underwrote and closed the transaction ahead of deadline.
![We're Cranking: 3 Construction Lending Deals Closed in June virginia land development funding](https://ucfunds.com/wp-content/uploads/2020/06/NorFolk-Virginia.jpg)
LAND DEVELOPMENT – $30 MM NORFOLK, VIRGINIA (EAST)
Structured and closed deal for the construction of a 273-unit, luxury multifamily property on coveted waterfront is a new project for a longtime UC Funds borrower. The Sponsor has worked with UC for more than five years and multiple projects.