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Knighthead Funding Refinances The Luna Multifamily With $22M Loan In Nashville
FINANCED
$22,000,000
Tennessee
See Similar DealsMultiFamily
Financed 06/13/2024
FINANCED
Knighthead Funding Refinances The Luna Multifamily With $22M Loan In Nashville
1009 8th Avenue South
See Similar DealsMultiFamily
Financed 06/13/2024
Summary
TENNESSEE
Asset Type:MultiFamily
Transaction Type:Loan
The Luna is a 108-unit multifamily community located at 1009 8th Avenue South in Nashville, Tennessee. The property was refinanced for $22,000,000 through a first mortgage loan provided by Knighthead Funding, with CA South acting as the landlord.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Asset Type: Multifamily
- Units: 108
- Address: 1009 8th Avenue South
- Market: Nashville, TN
- Lender: Knighthead Funding - Peter Illuzzi & Jonathan Daniel
- Landlord: CA South
- Loan Type: Refinance
Knighthead Funding LLC, led by Peter Illuzzi and Jonathan Daniel, granted the $22 million first mortgage loan to refinance The Luna in Nashville, Tennessee.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,000,000.00
Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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