Sun Development & Management Corporation Secures $67.8M Bridge Loan For Nashville Hotel From Peachtree Group

The asset involved in this transaction is the newly opened Printing House – Tapestry Collection by Hilton hotel, situated at 501 3rd Avenue South in Nashville, TN. The hotel features a total of 187 keys and has secured a bridge loan for its operation.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $67,800,000
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Sun Development & Management Corporation
• Loan Type: Bridge
• Market: Nashville, TN

This transaction represents a strategic move by Sun Development & Management Corporation to recapitalize its hotel asset through a bridge financing arrangement with Peachtree Group. Jared Schlosser from Peachtree Group facilitated the loan, enabling continued operations and financial management of the hotel.