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UC FUNDING CLOSES $4.7 MILLION LOAN

CHARLOTTE, N.C. — Boston-based UC Funding has closed on a $4.7 million acquisition loan on Maple Run Apartments in Charlotte. The loan will be used to purchase the property and to fund a renovation reserve, interest reserve and an escrow for taxes and insurance. The loan was made to an entity controlled by John Lichtman of Boca Raton, Fla.-based Levinson & Lichtman and Bob Nass of Landmasters.

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