Pinnacle Financial & CommerceOne Bank Provide $37M Construction Loan For Nova River District | Rome, Georgia | Development Site | Loan

Summary

Loan

GEORGIA

Development Site

The $37 million construction loan for Nova River District in Rome, Georgia has been finalized by Pinnacle Financial Partners and CommerceOne Bank. The mixed-use development is located along the Oostanaula River and spans across 6.41 acres in the CRE IMPACT River Arts District, LLC.

Summary of transation details:

Property Type: Development Site
Transaction Amount: $37,000,000
Lender: Pinnacle Financial Partners & CommerceOne Bank
Landlord: CRE IMPACT River Arts District, LLC
Asset Type: Development Site
Market: Rome, GA
Loan Type: Construction

Pinnacle Financial Partners and CommerceOne Bank collaborated to provide the substantial construction loan for the development project, ensuring the realization of Nova River District in Rome, Georgia. The investment in this mixed-use development signifies a strategic move in enhancing the landscape and offerings along the picturesque Oostanaula River, benefiting the local community and economy.

Details

Deal Summary

FINANCED

IMAGE: 03/22/2024 MARKET: Rome, GA ASSET TYPE: Development Site ~ ACRES: 6.41 LENDER: Pinnacle Financial Partners & CommerceOne Bank LANDLORD: CRE IMPACT River Arts District, LLC LOAN AMOUNT: $37,000,000 LOAN TYPE: Construction NOTE: Pinnacle Financial Partners and CommerceOne Bank have finalized a $37 million construction loan for Nova River District in Rome, Georgia, a mixed-use development along the Oostanaula River.

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AddressRome, Georgia

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