BIRMINGHAM, Ala. – June 25, 2018 – Regions Bank announced today that the Tampa Regions Real Estate Banking office recently provided a $44 million non-recourse term loan enabling Foundry Commercial to refinance debt for the Sawgrass Lake Center in Sunrise, Fla.
Sawgrass Lake Center is a 6-story, 239,373 square foot, LEED certified Class A office building with a 5-level parking garage, an onsite café, and other amenities. Foundry Commercial is a full-service regional real estate services and investment company with operations across the Southeast and Texas.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance, and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate companies, developers and investors. Regions delivers competitive products with superior service marked by speed, certainty and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $123 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 1,900 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.