Aria Development Group And Wedgewood Avenue Secure $13.8 Million Loan For Nashville Multifamily Project

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.