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Tony Giarratana Secures $340 Million Construction Loan From Benefit Street Partners For Paramount Tower
FINANCED
$340,000,000
Tennessee
See Similar DealsDevelopment Site
Financed 08/18/2025
FINANCED
Tony Giarratana Secures $340 Million Construction Loan From Benefit Street Partners For Paramount Tower
1010 Church Street
See Similar DealsDevelopment Site
Financed 08/18/2025
Summary
TENNESSEE
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a development site located at 1010 Church Street in Nashville, TN. It is notable for its intended construction of the Paramount tower, which will be a significant skyscraper measuring 750 feet in height.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $340,000,000
- Loan Type: Construction
- Lender: Benefit Street Partners
- Landlord: Tony Giarratana
Key individuals involved in this deal include Tony Giarratana, who is responsible for securing the substantial construction loan from Benefit Street Partners to facilitate the development project.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$340,000,000.00
Monthly NOI$2,266,666.67
Monthly Debt Service$2,149,031.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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