UC FUNDING CLOSES $4.3 MILLION LOAN

by admin

GRAND BLANC, MICH. — Boston-based UC Funding has closed on a $4.3 million bridge financing loan on the 455-unit Maplebook Village Apartments in Grand Blanc. The proceeds of the loan will be used to purchase the property, fund repairs, fund an interest reserve and fund an escrow for taxes and insurance. The borrower is Michael O'Lynnger, owner of Erie Investments No. 10.

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