Nexera Capital & Emerge Hospitality Group Secure $28.3 Million Construction Loan For Nashville Hotel

The property involved in this transaction is a hotel located at 611 Cowan Street in Nashville, TN. The asset consists of 214 keys and is identified as a construction type project that has secured a financing amount of $28,300,000 for its development.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $28,300,000
• Loan Type: Construction
• Loan Terms: 30 years
• Lender: Michael Doty, Irwin Tejeda & Rasul Hafizov - Nuveen Green Capital
• Landlord: Nexera Capital & Emerge Hospitality Group

This deal highlights the collaborative effort between Nuveen Green Capital and Sundance Bay, focusing on the innovative use of C-PACE capital to enhance funding strategies. The lender, represented by Michael Doty, Irwin Tejeda, and Rasul Hafizov, successfully structured the financing to optimize capital costs and improve project returns through strategic sequencing of disbursements.