Toll Brothers Locks in $50M Construction Loan for UCF Housing

Toll Brothers and joint venture partner, The Davis Companies, plans to develop Aperture, a 680-bed (204-unit), two-building, five-story multifamily rental community in Orlando, Florida. The project will be a five minute drive to the University of Central Florida (UCF). The project is being financed through a $50 million construction loan facility from TD Bank, N.A. The equity and debt were arranged by Toll Brothers’ in-house Finance Department.

The community will consist of 204 rental apartments. It will feature a state-of-the-art fitness center, an e-sports gaming center, computer lounge with printing, content creation studio, LuxerOne Package Locker System, courtyard with cabanas, grills and firepits, and a resort-style pool with sun shelf. Residents will have access to a private shuttle to campus and a parking garage that will include EV (electric vehicle) charging stations.

UCF has the second largest on-campus enrollment of any public university in the U.S. with almost 70,000 students enrolled in the 2022 – 2023 academic year.