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
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93