TAMPA, Fla., November 23, 2023 — Stratton Capital Group, a privately funded direct lender specializing in commercial real estate financing, has closed a $6.5 million construction loan to support a new mixed-use development in the heart of Tampa’s Hyde Park district.

The project entails a three-story, 45,000-square-foot building combining 20 residential units on the upper floors with 15,000 square feet of ground-floor retail space, including boutique shops and a café. Residents will enjoy modern amenities such as rooftop terraces and energy-efficient features, aligning with Tampa’s push for sustainable urban development.

“We’re thrilled to support this vibrant project in one of Tampa’s fastest-growing neighborhoods,” said Lantz George, Co- Chief Executive Officer. “Our financing provides the sponsor with the certainty and speed required to bring this mixed-use vision to life while enhancing the community fabric.”

The loan carries competitive terms tailored for construction financing, including a structured interest reserve, allowing the developer to efficiently complete build-out and lease-up. Stratton Capital Group’s commitment to flexible, time-sensitive funding ensures that sponsors can execute complex projects in dynamic real estate markets.

“This project is a perfect example of how thoughtful design and strategic financing can create lasting value for residents, businesses, and the broader community,” added Thomas Jesse, Vice President of Originations.