Greystone Arranges $26.5 Million Refinance Loan For Lakeland Commons In Tennessee
Southwest Corner Of Highway 70 And Seed Tick Road
$26,500,000
Units
121
Asset Type
Mixed-use
Closing
Oct 20, 2026
About this deal
AI
A mixed-use property, Lakeland Commons, located at the southwest corner of Highway 70 and Seed Tick Road in Lakeland, Tennessee features 121 units and 23,419 square feet of retail space. The property has undergone a refinance transaction amounting to $26,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $26,500,000
- Units: 121
- Address: Southwest corner of Highway 70 and Seed Tick Road
- Market: Lakeland, TN
- Lender: David Manlowe - Benefit Street Partners
- Brokers: Jesse Yodice & Eric Rosenstock - Greystone
- Loan Type: Refinance
The refinance was arranged by Greystone with the aim of retiring existing construction debt along with funding reserves and closing costs. Jesse Yodice and Eric Rosenstock played key roles in the arrangement of this loan through Benefit Street Partners.
On the Map
$26,500,000
Mixed-use
View full map
Players
Arlington Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Jesse Yodice to view all their deals.
Browse Arlington mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93