We’re thrilled to announce the start of another successful year at UC Funds. We finished 2018 on a high note with $280 million in total volume. Now we’re rapidly continuing our Southern expansion, closing $30 million in deals, in January alone!
Our three recent multifamily transactions in Dallas, Texas; Atlanta, Georgia; and Columbia, South Carolina have enabled us to further exceed $2 billion in total financing to date.
We grew our Southern roots with a $14.3 million first mortgage loan for the acquisition and renovation of Golden Gate Townhomes in Stone Mountain, Georgia, 12 miles from Downtown Atlanta.
In Texas, we closed a $9.3 million first mortgage loan for the acquisition and renovation of Luau and Koko Apartments, two multifamily properties less than five miles Northwest of downtown Dallas
We headed to South Carolina, where our $7.4 million first mortgage loan funded the acquisition and renovation of Jamestowne Apartments, a multifamily community in Columbia, the state’s second largest city
Given January’s progress, we anticipate incredible accomplishments and major expansion in the coming year. Stay tuned!