United Bancorporation Alabama unit provides $10 million financing for Albertville cold-storage project
UBAB•UB Community Development provided $10 million in New Markets Tax Credit financing for PermaCold Logistics’ 121,270-square-foot cold-storage warehouse in Albertville, part of a broader $40 million capital stack.
1. Project financing
The financing supports a 121,270-square-foot cold-storage warehouse in Albertville, Alabama, as part of a broader $40 million New Markets Tax Credit capital stack. PermaCold projects the facility could support up to 50 permanent jobs.
