Goldman Sachs Provides $125M Loan For Mixed-Use Property In Nashville, TN
5 City Blvd
$125,000,000
$330,687/SF
Building Size
378 SF
Asset Type
Mixed-use
Closing
Apr 17, 2023
About this deal
AI
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
Nashville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93