Updated Feb 24, 2025
Lument Provides $13.8M Bridge Loan For Nashville Multifamily Property
108 Thompson Lane, Nashville, Tennessee 37211, United States
$13,800,000
Units
110
Asset Type
MultiFamily
Closing
Dec 7, 2021
About this deal
AI
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
Nashville-Davidson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93