News: Finance

Company of the Month: Utilizing its flexibility and creativity, UC Funding has closed $99.7 million in the last 60 days

UC Funding LLC is a newly formed private commercial real estate finance firm headquartered in Boston and New York. Their national real estate and financial experience provides them with broad local market knowledge to better serve their clients. Unlike other lending institutions, UC Funding fosters an entrepreneurial spirit that allows them the flexibility to identify unique opportunities and close them quickly. UC Funding focuses on creating structured financial solutions and permanent real estate loans for all commercial property types. UC Funding is currently seeing an extremely strong deal flow with a pipeline of potential transactions estimated over $1 billion and have closed $99.7 million in the last 60 days. UC Funding caters to the vision of the entrepreneur, niche markets and smaller loan balances. Accordingly, most of the capital solutions they structure are between $1 million and $25 million. UC Funding is a team-oriented organization with decades of experience in real estate finance, advisory experience and operating know-how-the kind clients can use to realize their own visions. UC Funding's philosophy of excellence requires the highest level of service to its borrowers. Their goal is to make every client a repeat client by providing exceptional service that is second to none. As a result, they have already earned the loyalty of many distinguished clientele. UC Funding is a full service lender with all key disciples represented in house by the best and brightest executives. They have created an outstanding due diligence team to quickly analyze the property and give its underwriting team the ability to make fast decisions. UC Funding's fully integrated asset management and servicing teams will handle every post-closing need including the speedy processing of construction draws. UC Funding provides prompt customer service and accurate, timely information for account follow-up, financial reporting and management review. Unlike many of its competitors, UC Funding's servicing team services all loans they close in order to provide continuity to borrowers for the entire life of the loan. In the last two months, they have hired eight in house staff and engaged nine highly experienced originators who possess the knowledge to aggressively solicit business from developers, real estate owners and brokers to arrange financing for their properties. Daniel Palmier is the founder, president, and CEO of UC Funding, LLC. He has been in the real estate and financing business for over 25 years, cultivating strong relationships with both leading senior lenders and real estate entrepreneurs. Before launching UC Funding, Palmier was co-founder, president and CEO of Potomac Realty Capital, LLC where he spent the last seven years originating $3 billion in loans. Prior to organizing Potomac Realty Capital, LLC, he was executive vice president of Arbor Realty Trust overseeing the company's overall credit, risk and asset management functions. During his seven years with Arbor, he structured, asset-managed and financed $2 billion of structured finance projects. During his final three years at Arbor, Palmier structured and originated the highest volume of transactions for the firm. He also co-managed Arbor's Road Show for $120 million 144A equity raise (2003), first CDO issuance (2004) and ABR's IPO (2004). Before joining Arbor, he was a vice president with Lehman Brothers Holdings where he managed $18 billion of investments in publicly traded limited partnerships and was responsible for all aspects of asset management, financing, leasing and disposition of commercial real estate properties. Palmier earned a Bachelor of Business Administration from the University of Notre Dame, and a master of Science degree in Real Estate from New York University. He is a contributor to the Catholic Schools Foundation (of Boston), and the Rashi School in Newton, Mass. He has been an active member of many professional organizations, including the National Multi-Housing Council and Commercial Mortgage Securities Association. He is also involved in a variety of charitable and community service organizations including the Jimmy Fund and the American Liver Foundation.
Tags: Finance
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