Nuveen Green Capital Closes $9.9 Million Loan For Hampton Inn And Home2 Suites In Antioch TN

The transaction involves a construction loan for a new hotel, specifically the Hampton Inn and Home2 Suites, which comprises 189 keys. The property is situated at 3031 Century Farms Cir in Antioch, TN, and is part of the Century Farms master-planned development that spans over 300 acres. The loan amount is $9.9 million, and it is structured over a term of 30 years.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $9,900,000
• Lender: Chris Ellis & Ariane Uwamba - Nuveen Green Capital
• Landlord: SiLA Developments
• Loan Type: Construction
• Loan Terms: 30 years
• Keys: 189
• Market: Antioch, TN

This deal highlights the collaboration between Nuveen Green Capital and Mountain Commerce Bank, providing capital to support energy and water efficiency measures for the hotel. The strategic utilization of C-PACE capital allowed the sponsor, SiLA Developments based in Nashville, to streamline financing and reduce overall project costs, making the development financially efficient.