Vastland Co. Secures $130 Million Construction Loan From PeachTree Group For Nashville Mixed-Use Asset
FINANCED
Tennessee
See Similar DealsMixed-use
Financed
FINANCED
Vastland Co. Secures $130 Million Construction Loan From PeachTree Group For Nashville Mixed-Use Asset
1717 Hayes Street
See Similar DealsMixed-use
Financed
Summary
TENNESSEE
Asset Type:Mixed-use
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 1717 Hayes Street in Nashville, TN, featuring 308 units. The loan amount secured for this asset is $130,000,000, designated for construction purposes.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $130,000,000
- Address: 1717 Hayes Street
- Market: Nashville, TN
- Lender: PeachTree Group
- Landlord: Vastland Co.
- Brokers: Aj Felberbaum, Jay Miller, Spencer Miller & Noah Rothman - BayBridge Real Estate Capital
Key individuals in this transaction include the representatives from BayBridge Real Estate Capital, who facilitated the loan process, comprising Aj Felberbaum, Jay Miller, Spencer Miller, and Noah Rothman.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$130,000,000.00
Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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