BOSTON—National real estate balance sheet lender UC Funding reports it has changed its name and will now be known as UC Funds.
Company officials say the name change coincides with the company’s growth in its capital base. UF Funds has also launched a refreshed website.
“In addition to the significant expansion of our capital base through successive series of funds and banking facilities, we feel that the name UC Funds better reflects our ability to provide fast, flexible, reliable capital solutions, proactively for our real estate entrepreneurs,” says Dan Palmier, president and CEO of UC Funds.
He adds, “Although our name has changed and we are growing, we will continue to provide the best creative capital solutions in the market—just more of them.”
Since its founding in 2010, the company has closed more than 100 real estate transactions nationwide, deploying in excess of $750 million of equity. UC Funds provides financing for multifamily, office, retail, hospitality, and other commercial real estate assets.
Last month, UC Funds reported it provided a $7.35-million acquisition bridge loan on a 218-unit Class C apartment community in Corpus Christi, TX.