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

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.