Holladay Properties Secures $29.3 Million Recapitalization Loan From Nuveen Green Capital For Mixed-Use Asset
230 Franklin Road
$29,300,000
$138/SF
Building Size
212,000 SF
Asset Type
Mixed-use
Closing
Mar 23, 2026
AI
The property asset involved in this transaction is located at 230 Franklin Road in the Franklin market. It is a mixed-use asset with a square footage of 212,000. The total loan amount secured for this asset is $29,300,000, classified as a recapitalization loan with terms extending for 29 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $29,300,000
- Loan Type: Recapitalization
- Loan Terms: 29 years
- Lender: Chris Ellis, Katherine Swenson & Justin Chen - Nuveen Green Capital
- Landlord: Holladay Properties
Key individuals involved in this transaction include Chris Ellis, Katherine Swenson, and Justin Chen, who represent the lending party Nuveen Green Capital in this deal. The property is managed by Holladay Properties, the landlord associated with this transaction.
Players
Franklin 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93