Updated Apr 14, 2026
Aria Development Group And Wedgewood Avenue Secure $13.8 Million Loan For Nashville Multifamily Project
1411 Dickerson Pike & 1413 Dickerson Pike
$13,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 13, 2026
About this deal
AI
The asset involved in this transaction is a multifamily project located at 1411 Dickerson Pike & 1413 Dickerson Pike in Nashville, TN. The transaction involves a loan amount of $13,800,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $13,800,000
- Lender: North Bridge & Old National Bank
- Landlord: Aria Development Group & Wedgewood Avenue
In this transaction, North Bridge originated $13.8 million in C-PACE debt alongside a $25 million senior loan from Old National Bank. This financing marks the first delayed-draw C-PACE structure in Tennessee and only the second of its kind ever executed for the project led by Aria Development Group and Wedgewood Avenue.
On the Map
$13,800,000
MultiFamily
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Players
Nashville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
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