Product Summary

UCRC is a team of professionals standing ready to help you accomplish your goals by providing you the best product custom fit to get you to the finish line!

newconstructionUCRC specializes in debt financing for multifamily rental property serving low and moderate income households. Products are crafted to accommodate the use of federal subsidies including Section 8 HAP, USDA-RD 515 and Section 42 Low Income Housing Tax Credits. In addition to our standard product line below, UCRC crafts specialty loans to enable leveraged investment funding in New Market Tax Credit projects including mixed use and community facility properties.

Check out our affordable housing and community development loan products below to find the one that meets your needs. Can’t find it? Call us and let’s innovate!

Multi-Family Term Loans:

Amortizing loans for multi-family rental real estate projects with rates fixed up to 18 years. We can provide up to 30 months forward commitment with a very affordable rate lock. Our non-recourse option accommodates Section 42 LIHTC properties. Works great with Section 8 HAP and USDA-RD 515 too. Combine them all – we’ll still be there!

Acquisition/Rehab/Term Loans:

Designed to save you money by avoiding separate interim financing for your LIHTC rehabilitation project. We’ll work with your tax credit investor to structure construction oversight and equity advancements to avoid traditional construction debt on moderate rehab projects that preserve a minimal occupancy during the rehab period.

Mezzanine Loans

Available only to non-profit developers, this product was crafted to allow you to preserve Section 8 and USDA-RD properties without reliance upon LIHTC for equity. You strike a fair purchase price on a well maintained property and we’ll fund up to 95% LTV. This loan requires capture of surplus cash flow to accelerate repayment.

Manufactured Home Park Financing Tool Kit

Live in a manufactured home park? Want to own it? These loan products – term debt plus mezzanine debt – can help you and your neighbors buy your park. We’ll provide up to 95% LTV to cooperatives, non-profits or government entities seeking to preserve manufactured housing parks as truly affordable housing

LIHTC Bridge Loan

Tax credit pricing got you down? Want to realize $500,000 additional funding to your project? We’ll bridge equity pay-in schedules up to 4 years to increase pricing while preserving investor yield. (Requires institution investor with positive track record.)

Land Loans

Non-profits seeking to secure land for development can obtain up to 65% LTV through this product.

HUD – Rural Development Preservation Loans

Our products are crafted to accommodate government programs. Have a new twist? Call us, let’s meet the challenge together!

Need a loan? Call now for our current rates and terms.

Fred Free (801) 833-0010 or Jennie Kay (801) 833-0013