Gagandeep Lakhmna's Greenpointe Construction Secures $45.5M Construction Loan For Germantown Development

Pennsylvania developer Gagandeep Lakhmna, through his company Greenpointe Construction Inc, has secured a $45.5 million construction loan for a proposed seven-story apartment and retail building in Germantown, near the Neuhoff District, in Nashville. The development site spans 226,000 square feet and covers an area of 14 acres, located at 1221 2nd Avenue North. The loan is specifically for the construction phase of the project.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $45,500,000
• Address: 1221 2nd Avenue North, Nashville, TN
• Market: Nashville, TN

Gagandeep Lakhmna, as the Pennsylvania developer, is leading the project under his company Greenpointe Construction Inc. The construction loan for the proposed apartment and retail building will enable the realization of this seven-story development in Germantown. The Neuhoff District serves as the influential proximity of this future development, showcasing the strategic location chosen for the project in Nashville.