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1901 Church Street, Nashvil...

Ascend Real Estate Group & Wanxiang America Real Estate Group Acquires Multifamily Property In Nashville, TN For $133.6M
FINANCEDMultiFamily

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

Christopher Knight

JLL

Broker

$747.6M

vol

12 deals

Broker
Square Mile Capital
Square Mile CapitalLender

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