Updated Sep 25, 2025
Nuveen Green Capital Provides $33.2 Million Construction Loan For Multifamily Asset In Albuquerque
6601 Tree Line Avenue
$33,200,000
Units
248
Asset Type
MultiFamily
Closing
Aug 28, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 6601 Tree Line Avenue in Albuquerque. The asset consists of 248 units and is financed through a construction loan of $33,200,000 for a term of 30 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,200,000
- Loan Type: Construction
- Loan Terms: 30 years
- Lender: Sean Ribble, Patrick Hoyle & Spencer Olson - Nuveen Green Capital
- Address: 6601 Tree Line Avenue
- Market: Albuquerque
The key individuals involved in this transaction are Sean Ribble, Patrick Hoyle, and Spencer Olson, who represent Nuveen Green Capital. Additionally, Sundance Bay partnered with Nuveen Green Capital in this project for the Via Verde townhome development. The Sponsor, Albuquerque-based , utilized C-PACE financing to pay down existing debt, leading to savings and the successful completion of the asset.
On the Map
$33,200,000
MultiFamily
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Players
Albuquerque MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93