Ascend Real Estate Group & Wanxiang America Real Estate Group Acquires Multifamily Property In Nashville, TN For $133.6M
1901 Church Street, Nashville, Tennessee 37203, United States
$133,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 20, 2022
AI
The property involved in this closed transaction is a multifamily asset located at 1901 Church St in Nashville, TN. It comprises a total of 383 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $133,600,000
- Address: 1901 Church St
- Market: Nashville, TN
- Units: 383
The lender for this transaction was Square Mile Capital Management, LLC. The property is owned by Ascend Real Estate Group and Wanxiang America Real Estate Group. The broker involved in this deal was Chris Knight from JLL.
The loan amount provided for this transaction was $133,600,000. The type of loan was construction financing.
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