Updated Nov 18, 2025
Bank OZK Provides $211.97M Construction Loan For Nashville Yards' Entertainment District
20 Nelson Merry Street & 30 Nelson Merry Street
$211,970,000
Building Size
—
Asset Type
Development Site
Closing
Oct 2, 2023
About this deal
AI
A construction loan of $211.97 million has been secured for a portion of the Nashville Yards' extensive entertainment district. The loan is tied to the development's music venue and an office and retail building, both located at 20 and 30 Platform Way S., as part of Southwest Value Partners and Anschutz Entertainment Group's (AEG) 2.46 million-square-foot mixed-use entertainment district within the Nashville Yards development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $211,970,000
- Lender: Bank OZK
- Landlord: Cary Mack - Southwest Value Partners & Dan Beckerman - Anschutz Entertainment Group (AEG)
- Loan Type: Construction
- Date: 10/02/2023
- Address: 20 & 30 Platform Way S
- Market: Nashville, TN
The loan is provided by Bank OZK, while the development is owned by Cary Mack, representing Southwest Value Partners, and Dan Beckerman, representing Anschutz Entertainment Group (AEG).
Players
Nashville 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93