Two Roads scores $520M construction loan for downtown Tampa project
Two Roads Development secured $520 million in construction financing for a waterfront luxury hotel and condo tower in downtown Tampa, with Nuveen Green Capital providing the first recorded C-PACE loan in the city.
Two Roads Development, based in Miami and West Palm Beach and led by Taylor Collins and Reid Boren, has secured $520 million in construction financing for the Pendry Tampa and Pendry Residences Tampa project. The project will include a 220-key Pendry hotel and luxury condos, and is expected to be the largest condo construction financing in Tampa.
The financing package includes $290 million in C-PACE financing from Nuveen Green Capital, based in Darien, Connecticut. This marks the first recorded C-PACE loan in the city of Tampa, according to a press release.
New York-based Sculptor Capital Management provided the remaining financing for the project.
"This financing package is a testament to the strength of the Tampa market and the appeal of our project," said Two Roads Development managing partner Taylor Collins in a statement.
Originally reported by The Real Deal.
https://therealdeal.com/miami/2025/09/16/two-roads-scores-520m-construction-loan-for-pendry-tampa/