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Tidal Real Estate Partners Secures $181.8 Million Construction Loan For Nashville Hotel From Lionheart Strategic Management
FINANCED
$181,800,000
Tennessee
See Similar DealsHotel
Financed 06/09/2025
FINANCED
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
See Similar DealsHotel
Financed 06/09/2025
Summary
TENNESSEE
Asset Type:Hotel
Transaction Type:Loan
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
BROKERAGE
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$181,800,000.00
Monthly NOI$1,212,000.00
Monthly Debt Service$1,149,099.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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