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STAMFORD, CT - UC Funds has originated a $28 million first mortgage under its new Low Floater Program , to refinance the Park Square West Apartments in downtown Stamford, CT.  UC Funds' nationwide Low Floater Program is a fast, flexible and reliable capital solution with more than $1 billion in available capital for direct lending. Park Square West is a 143-unit Class A multi- family housing development that affords tenants a prime location with an easy Metro North commute to Manhattan. Built in 2001, the property features more than 10, 000 square feet of ground retail space , a state of the art fitness center and brand new sushi restaurant. "We are very excited to roll out our new 1st Mortgage Low Floater transitional loan product with the Park Square West Apartments , in the heart of downtown Stamford," said Daniel Palmier, CEO of UC Funds. "With leverage levels up to 85% and pricing starting at L+373 we project more than a billion dollars per year in t...

It was only four years ago that Africa’s richest square mile became the destination of choice for SA’s major financial firms , sparking the largest commercial property development boom of the decade. Corporates including Investec , Nedbank, RMB and the JSE were the early movers into Sandton during the 2000s, and several firms have since followed suit. Sasol, Webber Wentzel, Alexander Forbes, EY, and Bowman Gilfillan have anchored their main offices in Sandton in recent years while Discovery and Old Mutual Emerging Markets will soon pile into the area. Property developers believe the catalyst for Sandton was the advent of rapid rail system Gautrain in 2010, which unleashed billions of rands in office, retail and residential property developments . Over the last three years, developers launched high - rise luxury apartments , piggy-backing on the relocation of corporates into the area that would, in theory, create demand from buyers who desired to live closer to work. However, the s...

465 North Park is a 48-story, 444- unit apartment tower under construction at 465 N Park Dr in Streeterville. The building has nearly 12,000 square feet of ground- floor retail space and 181 resident-only parking spaces. The building is targeting LEED Silver certification . The groundbreaking ceremony for the building was held in September of 2016. First occupancy is slated for the summer of 2018. Jupiter Realty is the developer with Pappageorge Haymes as the architecture firm and Power Construction as the general contractor. The apartments The unit mix includes studios , convertibles, one-, two- and three-bedroom apartments, and nine two-story townhomes on the fourth and fifth floors. Kitchens will feature high-end appliances and cabinetry, and all units will have walk-in closets and full-size washers and dryers. The top two penthouse floors will feature top-of-the-line kitchens. Views . The building’s floor plate, based on angled ellipses, orients windows toward view corridors. M...