Frequently Asked Questions

  1. Does TUFF have a geographic footprint?
  2. What is the average size of TUFF's investments?
  3. What project types is TUFF eligible to invest?
  4. Does TUFF participate in the Request for Proposal (RFP) process?
  5. Who maintains control of the facility after it is in place?
  6. What is the typical length to conduct a financing?

Does TUFF have a geographic footprint?

TUFF has a nationwide charter and naturally tax-exempt within the United States, but has the ability to work anywhere in the world. 

What is the average size of TUFF's investments?

Because of TUFF's tax-exempt status, the size and nature of its investments are driven by the unique needs of its institutional partners.  To that end, TUFF has issed direct loans as small as $10,000 and made investmented in projects over $100 million.

What project types is TUFF eligible to invest?

While TUFF is a mission driven investor, there are no limits to the product type that TUFF may invest.  To that end, Universities have found it advantageous for TUFF to partner with them in student housing projects, classroom and administration space, research facilities including wet and dry labs, structured parking decks, and athletic facilities.

Does TUFF participate in the Request for Proposal (RFP) process?

TUFF is frequenly asked to partner with architects and developers to enhance their response to a University issued RFP.  While TUFF has participated in the RFP proccess, ideally TUFF's work begins with a conversation directly with a university's administrators when the project is first contemplated.  This is because, as a counselor, TUFF is able to leverage its relationships and extensive knowledge of the marketplace to improve upon what an institution might have otherwise considered, ultimately providing a lower cost - higher quality alternative.

Who maintains control of the facility after it is in place?

After the facility is constructed and delivered to the institution, the institution maintains complete control of the asset.  Unlike a traditional development structure, where the ownership of the facility might change hands many times during the life of the building, TUFF will maintain ownership of the facility throughout the term of the lease, typically provide a bargain purchase option, and convey the project to the University at the appropriate time.

What is the typical length to conduct a financing?

While no two deals are ever the same, once the terms of a lease are in place and and executed, the typical time to finance a project and begin construction is three to six months.

Project Spotlight

Georgia Institute of Technology - Centennial Research Building

Georgia Institute of Technology - Centennial Research Building

In 1982, Georgia Tech wanted to expand its research capacity, but they did not have the space to do it.  The President of Georgia Tech approached three alumni to find a new way to finance the...

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They are clearly “same side of the table guys”

Georgia Tech
Scott Levitan, Former Executive Director for Real Estate Development
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