Luke Hingson Of Renovo Financial Closes $22 Million Construction Loan For Nashville Condo Development
$22,000,000
Units
46
Asset Type
Condo
Closing
Jul 29, 2025
About this deal
AI
The transaction involves a construction loan for a 46-unit luxury condominium development located in Nashville, TN. The loan amount is $22,000,000, designated for the construction of this asset, which is part of an emerging market in the area.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $22,000,000
- Lender: Luke Hingson - Renovo Financial
- Brokers: Mike Noll & Chris Salvado - BD Capital
- Loan Type: Construction
Luke Hingson, Managing Director of CRE Construction Lending at Renovo, originated this transaction. The brokerage services were provided by Mike Noll and Chris Salvado of BD Capital, who facilitated the loan process for this construction project.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93