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1213 Grundy Street

Tidal Real Estate Partners Secures $181.8 Million Construction Loan For Nashville Hotel From Lionheart Strategic Management
FINANCEDHotel

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

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

TP
Tidal Real Estate PartnersBrokerage

Andy Klein

Lionheart Strategic Management

Lender

$537M

vol

4 deals

Lender
TP
Tidal Real Estate PartnersLandlord

Nashville Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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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