Atlanta-based UC Asset is offering a mortgage debt relief program for businesses experiencing financial emergencies due to the COVID-19 pandemic. Property owners can partner with the company to save their own equities.
UC Asset would acquire part or all of a property, by issuing preferred shares to the owner, who will become a preferred shareholder. UC Asset will take responsibility in paying the mortgage for at least a long enough period till the pandemic crisis is over, or, in a whole acquisition deal, UC Asset will pay for all remained mortgage balance.
The property owner will retain their interest in the property and will be entitled to receive profit as a preferred dividend.
UC Asset’s Greg Bankston say, “The value of these properties will regain, and the cash inflow will recover. The investment we are making today will not only provide relief to local business and property owners for now, but also yield great return for our investors in the near future.”