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Daniel Palmier Of UC Funds Provides $11 Million Loan For Medlock Portfolio In Texas

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FINANCED
$11,000,000

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MultiFamily
Financed 03/05/2025
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Property Image
FINANCED

Daniel Palmier Of UC Funds Provides $11 Million Loan For Medlock Portfolio In Texas

MultiFamily
Financed 03/05/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

The Medlock Portfolio consists of four multifamily properties totaling 275 units located in the markets of Amarillo, Lubbock, and Plainview, Texas. An $11 million acquisition loan was provided for these properties to assist with the sponsor's stabilization and lease-up costs. The loan is structured with an 18-month term.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,000,000
  • Lender: Daniel Palmier - UC Funds
  • Loan Type: Acquisition
  • Loan Terms: 18-month
  • Market: Amarillo, Lubbock & Plainview
  • Units: 275

Daniel Palmier from UC Funds is the lender who facilitated the acquisition loan, and he played a critical role in providing funding to support the undisclosed sponsor in their investment in the multifamily portfolio.

Players

UC Funds
UC Funds
LENDER

Details

FINANCED
IMAGE: Daniel Palmier DATE: 03/05/2025 ADDRESS: Medlock Portfolio MARKET: Amarillo, Lubbock & Plainview ASSET TYPE: Multifamily ~ UNITS: 275 LENDER: Daniel Palmier (@DanielPalmier)- UC Funds (@UCFundsLLC) LOAN AMOUNT: $11,000,000 LOAN TYPE: Acquisition LOAN TERMS: 18-month NOTE: UC Funds provided an $11 million acquisition loan for the 275-unit Medlock Portfolio, a four-property multifamily portfolio in Amarillo, Lubbock, and Plainview, Texas. The 18-month loan will help the undisclosed sponsor with stabilization and lease-up costs.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,000,000.00

Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00