Forstone Capital & Spinnaker Real Estate Partners Acquire Development Site In Nashville For $6.3M Loan

A development site located at 1055 Whites Creek Pike in Nashville, TN has been sold in a closed transaction. The property spans an area of 180,338 square feet and was acquired by Forstone Capital and Spinnaker Real Estate Partners. The purchase was facilitated by broker Evan Parker from JLL, representing the buyers. The transaction involved a loan provided by Bolour Associates.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,300,000
• Address: 1055 Whites Creek Pike, Nashville, TN
• Market: Nashville, TN
• Lender: Bolour Associates
• Buyer: Forstone Capital & Spinnaker Real Estate Partners
• Broker: Evan Parker - JLL

Bolour Associates provided a loan of $6,300,000 for the acquisition of the development site. The loan terms include a 24-month repayment period and a loan-to-value (LTV) ratio of 70%. Bolour Associates, an asset-based bridge lender specializing in urban infill primary and secondary markets, offers financing solutions for various real estate projects. They can finance up to 75% LTV, with loan amounts ranging from $2 million to $30 million and interest rates starting at 8%.

Clay Goldthwait, a representative from Bolour Associates, can be contacted at ☎️ 323-677-0550 ext.121 or 📧 [email protected] for more information on their lending services. Additional information can also be found at bolourassociates.com/lending/.