UC Funds Provides $9.6M Bridge Loan For Miami Multifamily Property With Landlord Armando Bardisa As Borrower

A multi-family property in Miami with 72 units and approximately 35,000 square feet of space has recently undergone a loan transaction. The loan was facilitated by UC Funds and brokered by Viante Fruit. The borrower, Armando Bardisa, secured a bridge loan amounting to $9,600,000. The loan terms are set at 24 months fixed with an interest rate based on SOFR + 360.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $9,600,000
• Units: 72
• Square Footage: 35,000
• Market: Miami
• Lender: UC Funds
• Landlord: Armando Bardisa
• Mortgage Broker: Viante Fruit
• Loan Type: Bridge Loan
• Loan Terms: 24 Month Fixed - SOFR + 360

This transaction involved key individuals and companies, such as Armando Bardisa as the property's landlord and Viante Fruit as the mortgage broker. UC Funds served as the lender in this bridge loan deal, providing financing for the multi-family property located in Miami.