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Lender Christopher Ellis Of Nuveen Capital Provides $25.45M Construction Loan For Antioch Hotel

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FINANCED
$25,450,000

Tennessee

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Hotel112,000 SF
Financed 07/09/2025
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FINANCED

Lender Christopher Ellis Of Nuveen Capital Provides $25.45M Construction Loan For Antioch Hotel

3031 Century Farms Cir

See Similar Deals
Hotel112,000 SF
Financed 07/09/2025
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Summary

TENNESSEE
Asset Type:Hotel
Price Per Square Foot:$227
Total Square Footage:112,000 SF
Transaction Type:Loan

The asset involved in this transaction is a hotel located at 3031 Century Farms Cir in Antioch, TN. The hotel encompasses a total square footage of 112,000 and features 189 keys. The transaction revolves around a construction loan amounting to $25,450,000.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $25,450,000
  • Market: Antioch, TN
  • Lender: Christopher Ellis - Nuveen Capital & Hunter Reed - Mountain Commerce Bank
  • Landlord: Nish Jobalia & Nick Patel - Milap Hotels
  • Broker: Daniel Kowalsky - HKS Real Estate Advisors
  • Loan Type: Construction
  • C-Pace Financing: $9,900,000
  • Senior Construction Debt: $15,550,000

This transaction involved multiple key players. Christopher Ellis represented Nuveen Capital while Hunter Reed represented Mountain Commerce Bank in providing the financing. Nish Jobalia and Nick Patel represented Milap Hotels as landlords, while Daniel Kowalsky acted as the broker from HKS Real Estate Advisors, facilitating the construction financing for the hotel development.

Players

Daniel Kowalsky
19 deals$119.4M volume(631) 291-2781
BROKER

HKS Real Estate Advisors
BROKERAGE


Nuveen
LENDER

Details

FINANCED
IMAGE: Christopher Ellis, Daniel Kowalsky & Max Rubinchik DATE: 7/9/2025 ADDRESS: 3031 Century Farms Cir MARKET: Antioch, TN ASSET TYPE: Hotel ~ SF: 112,000 ~ KEYS: 189 LENDER: Christopher Ellis - Nuveen Capital & Hunter Reed - Mountain Commerce Bank LANDLORD: Nish Jobalia & Nick Patel - Milap Hotels BROKER: Daniel Kowalsky - HKS Real Estate Advisors (@HKSRealEstateAdvisors) LOAN AMOUNT: $25,450,000 LOAN TYPE: Construction NOTE FROM BROKER: HKS has successfully arranged construction financing for the ground up development of a 189 Key dual flagged hotel in the Century Farms Development of Antioch, TN. Nuveen Green Capital supplied $9,900,000 in C-Pace financing and Mountain Commerce Bank contributed $15,550,000 in senior construction debt.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,450,000.00

Monthly NOI$169,666.67
Monthly Debt Service$160,861.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00