Goldman Sachs Funds $125M Loan For Mixed-Use Property In Nashville-TN
5 City Blvd
Building Size
—
Asset Type
—
Closing
Dec 18, 2022
About this deal
AI
The mixed-use property located at 5 City Blvd in Nashville, TN spans 378,000 square feet. The loan for this property was provided by Goldman Sachs, totaling $125,000,000, with Convexity Properties acting as the landlord. The brokers handling the deal were Frank Thomasson & Byran Fort from CBRE.
Summary of transation details:
- Property Type: Mixed-Use
- Transaction Amount: $125,000,000
- Address: 5 City Blvd
- Market: Nashville, TN
- Lender: Goldman Sachs
- Landlord: Convexity Properties
- Brokers: Frank Thomasson & Byran Fort - CBRE
Frank Thomasson and Byran Fort from CBRE played crucial roles as the brokers representing the parties in the transaction, contributing to the successful deal.
On the Map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93