FINANCED
Forstone Capital & Spinnaker Real Estate Partners Acquire Development Site In Nashville For $6.3M Loan
1055 whites creek pike
Development Site
Financed 1 year ago
Summary
Loan
TENNESSEE
Development Site
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/.
Players
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3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Evan Parker, Mark Bolour & Clay Goldthwait
DATE: 12/07/2022
ADDRESS: 1055 Whites Creek Pike
MARKET: Nashville, TN
ASSET TYPE: Development Site ~ SF: 180,338
LENDER: Bolour Associates
BUYER: Forstone Capital & Spinnaker Real Estate Partners
BROKER: Evan Parker - JLL
LOAN AMOUNT: $6,300,000
LOAN TYPE: Acquisition
LOAN TERMS: 24 Months / 70% LTV
NOTE FROM LENDER: BOLOUR was pleased to provide this high-leverage, off-market loan, allowing our client to secure the land needed for phase two of a Nashville multifamily project. In a tight lending market, BOLOUR is providing creative solutions that keep projects moving forward. Contact Clay Goldthwait at ☎️ 323-677-0550 ext.121, 📧 [email protected], or visit bolourassociates.com/lending/ for more on how Bolour can fulfill your lending needs.
BOLOUR is an asset-based bridge lender specializing in urban infill primary & secondary markets. BOLOUR draws from our experience in investment & development to tackle complicated private lending deals, including unentitled land plays. We can finance up to 75% LTV, loan term up to 2 years, loan amount from $2 million to $30 million, & interest rates starting at 8%.View on map
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