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AJ Capital Partners Secures...

AJ Capital Partners Secures $170 Million Loan From MassMutual For Wedgewood Village Development In Nashville
FINANCEDDevelopment Site

AJ Capital Partners Secures $170 Million Loan From MassMutual For Wedgewood Village Development In Nashville

$170,000,000

Building Size

Asset Type

Development Site

Closing

Sep 17, 2025

AI

The transaction involves a development site located in Nashville, TN. The site encompasses 18 acres and is part of the Wedgewood Village development initiative, which aims to construct over 1.6 million square feet of mixed-use space including residential, retail, and office areas.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $170,000,000
  • Lender: MassMutual
  • Landlord: AJ Capital Partners

AJ Capital Partners secured the loan from Massachusetts Mutual Life Insurance Co. as they progress with their development plans. This loan follows a prior financing arrangement of $93.7 million that the firm closed in June, indicating continued financial backing for their ambitious project in Nashville.

Players

 MassMutual
MassMutualLender

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93