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