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Goldman Sachs Provides $125M Loan For Mixed-Use Property In Nashville, TN

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FINANCED
$125,000,000

Tennessee

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Mixed-use378 SF
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Property Image
FINANCED

Goldman Sachs Provides $125M Loan For Mixed-Use Property In Nashville, TN

5 City Blvd

See Similar Deals
Mixed-use378 SF
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Summary

TENNESSEE
Asset Type:Mixed-use
Price Per Square Foot:$330,687
Total Square Footage:378 SF
Transaction Type:Loan

The mixed-use property located at 5 City Blvd in Nashville, TN has been involved in a recent transaction. The property spans a size of 378,000 square feet and is owned by Convexity Properties, who acted as the landlord in this deal. The transaction was facilitated by brokers Frank Thomasson and Bryan Fort from CBRE. The lender for this transaction was Goldman Sachs. The loan amount secured for this deal was $125,000,000.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $125,000,000
  • Address: 5 City Blvd, Nashville, TN
  • Market: Nashville, TN
  • Square Footage: 378,000
  • Landlord: Convexity Properties
  • Brokers: Frank Thomasson & Bryan Fort - CBRE
  • Lender: Goldman Sachs

This significant transaction involved various key individuals and companies. Frank Thomasson and Bryan Fort from CBRE played the role of brokers in this deal. They represented the parties involved, ensuring a smooth transaction process. This demonstrates the importance of broker representation in the real estate industry.

Players

Frank Thomasson
1 deal$125M volume(615) 598-6363
BROKER

LANDLORD

Details

FINANCED
IMAGE: Frank Thomasson & Byran Fort DATE: 12/16/2022 ADDRESS: 5 City Blvd MARKET: Nashville, TN ASSET TYPE: Mixed-Use ~ SF: 378,000 LENDER: Goldman Sachs LANDLORD: Convexity Properties BROKERS: Frank Thomasson & Byran Fort - CBRE LOAN AMOUNT: $125,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$125,000,000.00

Monthly NOI$833,333.33
Monthly Debt Service$790,085.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00