Tidal Real Estate Partners Secures $181.8 Million Construction Loan For Nashville Hotel From Lionheart Strategic Management
1213 Grundy Street & 114 George L Davis Boulevard
$181,800,000
Building Size
—
Asset Type
Hotel
Closing
Jun 9, 2025
About this deal
AI
A construction loan has been secured for a planned 16-story hotel located at 1213 Grundy Street and 114 George L. Davis Boulevard in Nashville's Gulch. The total loan amount is $181,800,000, financed by Lionheart Strategic Management.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $181,800,000
- Lender: Andy Klein - Lionheart Strategic Management
- Landlord: Mick Walsdorf - Tidal Real Estate Partners
- Loan Type: Construction
This transaction represents Tidal Real Estate Partners' initiative to develop a significant hotel asset in the vibrant Nashville market. The involvement of Lionheart Strategic Management as the financier indicates a commitment to advancing the hospitality infrastructure in the area.
Players
Nashville Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse Nashville hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93