Updated Oct 19, 2026
Madison Communities Secures $24.7 Million Construction Loan From First Financial Bank In Nashville
325 West Trinity Lane
$24,700,000
Units
79
Asset Type
Development Site
Closing
Feb 19, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 325 West Trinity Lane in Nashville, TN. This site is designated for a build-to-rent townhome community consisting of 79 units. The loan amount secured for this project is $24.7 million, specifically classified as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $24,700,000
- Lender: First Financial Bank
- Landlord: Madison Communities
The key individuals involved in this transaction include Madison Communities, which represents the residential arm of Madison Capital Group Holdings, responsible for developing the project. First Financial Bank acted as the lender for the construction loan provided for this development.
On the Map
$24,700,000
Development Site
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Players
Nashville Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93