UC FUNDING PROVIDES $5.5M ACQUISITION LOAN FOR 475,000 SF INDUSTRIAL CAMPUS

WAYNESBORO, GA. — UC Funding has provided a $5.5 million acquisition bridge loan on a 475,000-square-foot industrial complex in Waynesboro, about 29 miles south of Augusta. The property is pre-leased to Stone & Webster Construction, a wholly owned subsidiary of Chicago Bridge & Iron. The property features five single-story warehouse buildings. The sponsor hopes to renovate the property and increase the occupancy, which is now at 20 percent, according to UC Funding.