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

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.