The official ribbon cutting for Normandie Apartments in Rochester, NY is here!
We’re thrilled to announce the ribbon-cutting ceremony for Normandie Apartments, a multifamily property at 253 Alexander Street in Rochester, New York. The UC Funds team closed a $9.8 million first mortgage loan for the acquisition and renovation of the asset in mid-2018.
Greater Rochester Chamber of Commerce and Excelsior Communities cut the ribbon Friday, February 1 at 9:00 a.m., unveiling the building’s recently renovated lobby and units. It’s been an honor to help bring the upgrades to fruition.
“Normandie Apartments’ central location illustrates the Borrower’s strong understanding of the region’s multifamily market and our team’s ability to jump on profitable opportunities,” said Dan Palmier, CEO of UC Funds. “We’re proud to have funded another lucrative redevelopment and look forward to future projects with the Borrower and throughout the area.”
Normandie Apartments is a three-building, 217-unit apartment complex. Our loan funded extensive in-unit and common-area upgrades, bringing the property up to industry standards.
To learn more about the redevelopment and UC funds’ loan please contact email@example.com or call 215-352-2177.