Trinitas Secures $33 Million Construction Loan for Large Student Housing Project near UCF
An Indiana-based developer has secured a $33.6 million construction loan to start work on a 750-bed, 188-unit student housing community near the University of Central Florida.
After finalizing the mortgage agreement with Citizen Bank National on June 30, an entity affiliated with Trinitas Ventures then closed on the land at 4742 Data Ct. — north of Corporate Boulevard, west of N. Alafaya Trail — for $3.7 million.
The 6.25-acre property sits roughly two miles west of UCF’s main campus within the Quadrangle PD, a site once entitled for office space that’s now primed for several housing projects. If all get approval, they’ll bring a total of 1,700 student beds and 305 multifamily dwelling units to the area.