Nuveen Green Capital Provides $33.2 Million Construction Loan For Multifamily Asset In Albuquerque

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 Sonata Trails, utilized C-PACE financing to pay down existing debt, leading to savings and the successful completion of the asset.