Tishman Speyer Secures $67.2M Loan From Corebridge Financial For Multifamily Acquisition In Nashville
2010 West End Avenue
$67,200,000
Building Size
—
Asset Type
MultiFamily
Closing
May 12, 2025
AI
The asset involved is a multifamily property located at 2010 West End Avenue in Nashville, TN, consisting of 358 units. The acquisition of this apartment building was executed at a transaction value of $112 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $112,000,000
- Loan Amount: $67,200,000
- Loan Type: Acquisition
- Lender: Kevin Hogan - Corebridge Financial
- Landlord: Rob Speyer - Tishman Speyer
In this transaction, Tishman Speyer secured financing from Corebridge Financial to facilitate the acquisition of the mentioned property. The involvement of Kevin Hogan represents Corebridge Financial in this loan agreement.
Players
Nashville 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93