facebook

traded

+ Submit
Home

/

Deals

/

Tennessee

/

Multifamily

/

Loan

/

1815 Church Street, Nashvil...

Square Mile Capital Management Provides $133.6M Construction Financing For Nashville Multifamily Property
FINANCEDMultiFamily

Square Mile Capital Management Provides $133.6M Construction Financing For Nashville Multifamily Property

1815 Church Street, Nashville, Tennessee 37203, United States

$133,600,000

Building Size

Asset Type

MultiFamily

Closing

Sep 15, 2022

AI

The property involved in this closed transaction is a multifamily asset located at 1815 Church St in Nashville, TN. The property consists of 383 units and is owned by Ascend Real Estate Group & Wanxiang America Real Estate Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $133,600,000
  • Address: 1815 Church St, Nashville, TN
  • Market: Nashville, TN
  • Units: 383

The loan for this transaction was provided by Square Mile Capital Management LLC. The lender offered construction financing for the property. The broker involved in the deal is Chris Knight from JLL, representing the parties in the transaction.

Players

Christopher Knight

JLL

Broker

$747.6M

vol

12 deals

Broker
AG
Ascend Real Estate GroupLandlord

Nashville-Davidson MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93