facebook
Traded Co logo
Submit

Lument Provides $13.8M Bridge Loan For Nashville Multifamily Property

Property Image
FINANCED
$13,800,000

Tennessee

See Similar Deals
MultiFamily
Financed 12/08/2021
the dealplayerscompscontact
Property Image
FINANCED

Lument Provides $13.8M Bridge Loan For Nashville Multifamily Property

108 Thompson Lane, Nashville, Tennessee 37211, United States

See Similar Deals
MultiFamily
Financed 12/08/2021
Contact now

Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Loan

Located at 108 Thompson Ln in Nashville, TN, this multifamily property consisting of 110 units recently underwent a closed transaction. The deal was facilitated by Colin Cross and John Sloot from lument''>Lument, who acted as the lenders providing the necessary funds. The loan amount for this transaction was $13,800,000, and it was structured as a bridge loan. John Brickson from Old Capital represented the buyer as the broker in this deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,800,000
  • Address: 108 Thompson Ln, Nashville, TN
  • Market: Nashville, TN
  • Asset Type: Multifamily
  • Units: 110

Colin Cross and John Sloot from Lument played a pivotal role in securing the bridge loan for this multifamily property transaction. John Brickson, representing Old Capital, served as the broker, ensuring a smooth deal for the buyer. The transaction highlights the active real estate market in Nashville, TN.

Players

21 deals$310M volume
BROKER


John Sloot
Lument
4 deals$71M volume
LENDER

Lument
LENDER

Details

FINANCED
IMAGE: Colin Cross, John Sloot & John Brickson DATE: 12/08/2021 ADDRESS: 108 Thompson Ln MARKET: Nashville, TN ASSET TYPE: Multifamily ~ UNITS: 110 LENDER: Lument - Colin Cross & John Sloot BROKER: John Brickson - Old Capital LOAN AMOUNT: $13,800,000 LOAN TYPE: Bridge Loan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,800,000.00

Monthly NOI$92,000.00
Monthly Debt Service$87,225.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00