Updated Dec 17, 2025
Hines & Peakline Partners Secures $118M Loan From Oxford Properties For Nashville Development Site
622 Merritt Avenue
$118,000,000
Building Size
—
Asset Type
Development Site
Closing
Dec 17, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 622 Merritt Avenue in Nashville, TN. The loan amount secured for this property is $118,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $118,000,000
- Landlord: Hines & Peakline Partners
- Market: Nashville, TN
- Brokers: Mike Ryan, Brian Linnihan, Richard Henry, Blake Cohen, Joao "JP" Cordeiro & Taylor Crowder - CBRE
CBRE facilitated this financing, which is part of a larger refinancing effort totaling $181.5 million for The Finery development, encompassing additional loans from Oxford Properties and Tishman Speyer. The financing process involved multiple lenders and was arranged on behalf of Hines and Peakline Partners.
On the Map
$118,000,000
Development Site
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Players
Nashville Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93