United Conduit Securities - In brief...
The Best Wholesale Commercial Finance Program in the County, Bar None!

"Becoming a Pit-Bull on the Pant leg of Opportunity and How It All Got Started"

UCS’s Primary Role as an Investor Relationship Management Firm: UCS role is to continuously develop High Borrower Demand [but industry-underserved] ‘private-label’ Commercial Real Estate Wholesale Lending Programs. These are lending programs in which UCS unique network of Originator / Wholesalers can fund loans on a nationwide basis in conjunction with the end Investor. This group is unique in the respect that many of them fly just slightly below the radar of the ‘Big 10’ Wall Street conduit’s priority target market, as they were either larger Residential Originators that maintained ‘step-child’ Commercial Departments or Small Regional /Community Banks which UCS built into “Higher-Volume Higher Net Worth” Commercial Mortgage Producers. These endeavors also allow UCS to generate enough $$$ volume [$150MM per month] to assure a profitable Securitization or ‘Bulk-Loan’ exit strategy for major Lending Institutions globally.

How It All Started: UCS [a 1995 Nevada Corporation initiated by Tim Hughes] began as a unique ‘pooling-of-interest’ organization. UCS was structured as the Origination and Marketing arm [aka, the Master Correspondent] in a join-venture with what was an established Commercial Real Estate Bulk Loan Purchasing and Servicing entity.  This Tacoma based firm [Network Capital] performed the Final Underwriting, the Doc Prep, and the Table-Funding tasks for each of UCS newly originated Smaller-Balance loans. Once Closed, generally the loans were Securitized or sold in ‘Bulk Loan’ packages once they had been seasoned for six (6) months or so.  This joint venture began with one specific mission in mind; to provide an outlet for underserved Smaller [$500,000 to $5,000,000] Mortgage Loans on “A”, “B” & “B-” grade traditional Commercial Property types to its network of Larger Residential as well as Commercial Mortgage Brokers & Bankers, and Smaller Regional & Community Banks, all of which were permitted to originate the loans on a Nationwide basis.

The Glitch: In early 2000, UCS’s Tacoma funding source became very unstable due to an ill-advised purchase of ‘lower than Investment  Grade’ type loans they bought from Southern Pacific Bank, NOT UCS.  In November 2000, UCS finalized a Proprietary $500,000 to $25,000,000 Program arrangement with First Union Capital Markets [now Wachovia] until First Unions six [6] month old $600MM loan they made on their own to Sunbeam Corporation went into a highly publicized bankruptcy. Over time, the debacle set off a complete shake-up [or better put, ‘shake-out’] of both higher level as well as lower level staffing.  Their Loan Program(s) had to be completely re-prioritized. Consequently, the Smaller-Balance Loan Program with UCS diminished. However, during that period of time, UCS caught the attention of a variety of significant ‘industry-recognized’ Institutional Lending Conglomerates & Wall Street Investment Bankers to provide reasonable-rate funding of an array of loan and property types, all of which has made UCS a considerable success story since.

       Tim Hughes, a Principal and Managing Director of UCS, is also the Loan Program Architect.

He spearheads both Production efforts and New Product Development efforts, and is well known for his shirt-sleeve relationships with the “rainmakers” of the Commercial Finance Industry.


Business Bio of Tim Hughes


      Contact Info: 2220 S.Ocean Blvd, Suite 504-Delray Beach, FL33483-Dir. Line: 877-817-1088-Dir. Fax: 888-449-2954
email: thughes@unitedconduit.com