A Great Partnership Leads to a Great Asset

With the June 26 ribbon cutting and grand opening of 329 Pleasant Avenue in East Harlem upon us, it’s the perfect time to reflect on the collaboration and effort that brought this eight-story luxury apartment building to life. UC Funds has worked closely with HAP Investment Developers since we originated the loan for this project in April of 2015. While there have been a few stumbling blocks along the way (like with most multifamily projects of this magnitude), the Class-A building that we’re unveiling is truly a work of art and well worth the wait. Offering 20 studio, one, and two-bedroom apartments, the building illustrates the renaissance that is currently taking place in East Harlem, where commercial real estate is booming.

329 Pleasant Ave adds a modern aesthetic to its East Harlem block

The luxury building offers unique and beautifully designed apartments

Our recent work with HAP is only one example of UC Funds’ mission to develop and maintain long-term relationships with our borrowers in the best interest of each project. We make a strong commitment to each borrower that we work with, and our loyalty and reliability is what keeps them coming back. We stand by them through completion, and as was the case with HAP, provide the time that is necessary to bring each project to market.

We’re always striving to maintain our reputation as a dependable and steadfast resource in the real estate financing market, and 329 Pleasant Avenue’s extraordinary design and high-end amenities demonstrate that our commitment to HAP resulted in something incredible.

We look forward to watching our current relationships continue to flourish, and developing new and lasting partnerships that will undoubtedly lead to many more exciting unveilings.

If you’d like to learn about working with UC Funds please feel free to contact me at 1-844-UCFunds or visit http://UCFunds.com/.

329 Pleasant Ave is a perfect addition to the evolving community of East Harlem

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Celebrating Stamford Downtown’s 25th Anniversary

On Monday June 19, Team UC Funds enjoyed attending the 25 Year Anniversary of Stamford Downtown at the Stamford Marriott Hotel & Spa, in, you guessed it, Stamford, Connecticut. Property and business owners, as well as Stamford’s Mayor David Martin gathered to celebrate. The event was hosted by actor and Late Show with David Letterman personality Alan Kalter. I was especially happy to see Brian Cashman, the General Manager of the New York Yankees, as the keynote speaker. Past DSSD Chairmen, founding board members, and commercial office owner Reckson were all honored.

I connected with many Stamford friends over the course of the evening

We’ve invested $100+ million on three assets in Stamford Downtown since September, 2016, and I can certainly attest to the ever-increasing importance of the Stamford market, both in business and residential real estate.

The UC Funds-owned Stamford Courtyard, one of the most lucrative Courtyard’s in the U.S., is Connecticut’s most successful hotel in terms of rate and occupancy.

Park Square West, another one of our assets, is a hip class A, multifamily housing development. It’s an ideal spot for Stamford residents, as well as New York millennials and professionals, who can easily hop on the Metro North to Manhattan.

I’m also excited for the Residence Inn Marriot on Atlantic Street to take shape. This is a project that UC Funds recently acquired. The hotel is set to open in Summer 2018. Abandoned in 2015 when the previous owner filed for bankruptcy, we stepped in to revitalize the project and get it up and running.

I had the chance to catch up with the Yankees General Manager Brian Cashman, who spoke at the event

As you can see, I’m very driven to work in Stamford, and to develop and maintain relationships with business and property owners there. The success of Stamford Downtown perfectly illustrates the fast growth of the area and its significant role in the real estate industry as a whole. It was wonderful to celebrate such an important anniversary with Stamford’s finest.

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What America’s Best Suburbs All Have in Common

What America's Best Suburbs All Have in Common

Whether you seek to relocate or invest in real estate, suburbs shine with possibilities! Thriving neighborhoods have distinct characteristics. In fact, you can predict livability by the presence of key beneficial factors. Top American suburbs share these traits. Here are their commonalities. Continue reading

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April’s Hottest Real Estate Markets

April’s Hottest Real Estate MarketsReal estate is a primary component of a healthy economy, and you may be focusing your attention on top markets across the country for various reasons. Whether you are a savvy real estate investor looking for hot real estate opportunities or you are interested in the top real estate markets to make financial decisions on, you may be interested in learning which markets are leading the force this season. Spring is one of the hottest periods in the real estate market, and some local areas in particular are reaping the benefits. Through economic research focused on real estate, you can learn more about hot real estate areas across the country.

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The Basics of Real Estate Finance

The Basics of Real Estate Finance

Whether you are making plans to purchase a new home or to invest in real estate, you likely have plans to apply for a mortgage in the near future. Real estate prices can be astronomical, and a mortgage gives you the option to fund your purchase without having to save up the full sales price and closing costs. If you are preparing to apply for a real estate loan soon, consider these basic concepts as you explore the loan programs available.

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Understanding Real Estate Finance

Understanding Real Estate Finance by Dan Palmier

The real estate sector has been intrinsically tied to the American economy for centuries. It is sometimes said that all property owners in the United States are investors at heart; this adage is confirmed by the considerable number of real estate transactions that close each day. Continue reading

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7 Questions that Will Help You Become a Better Leader

The Best Leaders Maximize These Talents by Daniel Palmier

Complacency is cancer to leadership. Getting into a groove can turn into being stuck in a rut without you ever noticing. So, how can you combat complacency? Test yourself, measure your current skill and ability in several key areas on a regular basis. Here’s a list to get you started. Continue reading

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Growing your Real Estate Business Online

Growing your Real Estate Business Online

As the digital marketing world continues to evolve, more real estate brokers are spending extra time maximizing their lead generation efforts using digital solutions. Although the National Association of Realtors reported that only 12 percent of realtors generated new business through their digital marketing efforts, the agency also reported that digital solutions will grow by 20 to 30 percent over the next several years. Social media marketing is one of the most popular methods realtors use to connect with potential buyers.

Maximizing Digital Trends in Real Estate 2017

Referrals and repeat business will remain two of the most effective real estate marketing tools. However, successful realtors now understand they must implement digital solutions to continue to grow their businesses through referrals and repeat business. A popular trend in digital marketing is through online reviews. Potential homebuyers who search online for reputable brokers are conditioned to trust online reviews, according to the National Association of Realtors. Realtors should ask for an online review every time they close a deal with their customers.

Keep in mind that realtors can receive an online review even if they did not close the transaction. One of the most powerful digital marketing tools behind online reviews is they work like an evergreen referral. As long as the internet exists, that review will remain. Realtors should request that their customers leave their reviews on reputable real estate websites such as Zillow, Homes.com, Realtor.com and Trulia.

Private Social Media Marketing

A popular trend among realtors is to use private social media marketing. An example would be setting up a private group on Facebook that discusses the latest real estate trends, statistics and adding updated listings. Some realtors use private groups for their VIP customers and their local community leaders and sponsors. The demand for private groups on social media is rising, and Facebook and LinkedIn are adapting to meet that demand. Successful realtors are growing their businesses using social media, and private groups are a big part of their digital marketing efforts.

Referrals, repeat business and in-person real estate marketing will always play a big role in successful real estate marketing campaigns. Although technology and digital marketing are changing the real estate landscape, connecting with people will always remain the most effective marketing strategy. Successful realtors understand that their customers must get to know them, get to like them and most importantly get to trust them. The key to real estate success is to find a new audience and grow that audience into a network.

Daniel Palmier is a leading Boston CEO, Real Estate Investment Manager, and Founder of UC Funds.

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Is This Really the “New Boston?”

Daniel Palmier Millenium Tower

“The sale of the Millennium Tower Boston’s grand penthouse is a vote for the “new Boston” and an endorsement of Millennium Partners, according to Bates.”

That’s David Bates, author of the Bates Real Estate Report commenting on the recent sale of the penthouse in the Millennium Tower. With an asking price of $37.5 million, any sum close to that would make it the most expensive condominium in Boston’s history. The Millennium Tower is certainly not shy, it’s development has been featured in the Boston Business Journal, Banker & Tradesman, the Boston Herald and Boston Globe. Expected to live up to its hype, the Millennium Tower is set to include a two-level club with a lifestyle program for its residents and a restaurant with celebrity chef Michael Mina at the helm. You can read more about the mystery sale here. Continue reading

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Meet Another Inspiring Boston Marathon Runner

DP-02-10

What’s better than another story about a local running the Boston marathon for charity? Meet Jerry Seelen. You’ll find him on the streets of Hingham training for the Boston marathon with his youngest son, Nick in his wheelchair. He’ll be running the marathon to raise money for the South Shore Hospital.

You can read more about Jerry Seelen here

This year, I will be running the marathon to support InterVol and Brigham and Women’s Hospital.

InterVol’s charity work concentrates of multiple communities in need. Aside from repurposing medical equipment to serve the community of Haiti, InterVol runs a Volunteer Medical Professionals Program, Friends Across Borders, and is committed to enhancing the lives of children at the Home of Hope Orphanage. More information about InterVol can be found here. Continue reading

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