Mountain Commerce Bank And Nuveen Provide $25M Loan For Construction Of Hotel In Antioch
Century Farms Parkway
$25,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 14, 2025
About this deal
AI
The transaction involves a dual-branded hotel asset, comprising 189 rooms and located at Century Farms Parkway in Antioch, TN. The deal is supported by a construction loan amounting to $25,000,000, sourced through Mountain Commerce Bank and Nuveen, in the hotel market near Nashville.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $25,000,000
- Lender: Mountain Commerce Bank & Nuveen
- Landlord: Nish Jobalia & Nick Patel - Milap Hotels
- Broker: HKS Real Estate Advisor
- Loan Type: Construction
HKS Real Estate Advisors played a crucial role in securing financing for the development, representing Milap Hotels. The involvement of Nish Jobalia and Nick Patel highlights their investment in expanding hotel accommodations in the area.
On the Map
$25,000,000
Hotel
View full map
Players
Antioch Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93