Updated Jan 20, 2026
Hilco Global Provides $47.5M Loan To Urban Story Ventures For Chattanooga Development Site
1051 Riverfront Parkway
$47,500,000
Building Size
—
Asset Type
Development Site
Closing
Jan 20, 2026
About this deal
AI
The property asset involved is a development site located at 1051 Riverfront Parkway in Chattanooga, TN. The total loan amount for this transaction is $47,500,000, provided for the recapitalization and advancement of The Bend, a 100-acre riverfront mixed-use development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $47,500,000
- Lender: Hilco Global
- Landlord: Urban Story Ventures
Key individuals in this transaction include Hilco Global, acting as the lender, which facilitated the loan, and Urban Story Ventures, the landlord receiving the funding to support their development project.
On the Map
$47,500,000
Development Site
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Players
Chattanooga Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93