UC Funds, LLC, Advances Bridge Loan for Historic Property Acquisition

An experienced financial executive with more than 25 years of experience, Daniel (Dan) Palmier is the CEO and president of UC Fund, LLC, a Boston-based real estate finance firm. Capitalizing on his background in private equity, Dan Palmier continues to cultivate strategic relationships with established developers.

Recently, UC Funds advanced a $9.23 million acquisition bridge loan to the Developing Equities Group of Denver, helping close the acquisition of an historic building in Kansas City. Built in 1921, the 21-story building was formerly home to the Federal Reserve Bank and was added to the National Register of Historic Spaces in 2007. Centrally located in the heart of downtown Kansas City, the structure is located within walking distance of several key landmarks, including the Sprint Center, Kansas City Convention Center, and Kauffman Center for Performing Arts. Plans are underway to remodel the main structure as a 301-room “key flag” hotel in an effort to revitalize the historic district, whose population has skyrocketed from 3,000 to over 19,000 in the past few years alone.

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