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Passive Investing Secures $58.5M Bridge Loan For Nashville Multifamily

Property Image
FINANCED
$58,500,000

Tennessee

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MultiFamily
Financed 06/16/2022
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Property Image
FINANCED

Passive Investing Secures $58.5M Bridge Loan For Nashville Multifamily

2165 Nolensville Pk Nashville, TN 37211, USA

See Similar Deals
MultiFamily
Financed 06/16/2022
the dealplayerscompscontact
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Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Loan

A bridge loan has been secured for a multifamily property located at 2165 Nolensville Pike in Nashville, TN. The property consists of 236 units and is owned by Passive Investing.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $58,500,000
  • Loan Type: Bridge loan

The lender for this transaction is ACRE, while Ware Shipman from JLL served as the broker for the deal.

Players

Ware Shipman
JLL
Ware Shipman
3 deals$85.3M volume
BROKER

Details

FINANCED
IMAGE: Ware Shipman DATE: 06/16/2022 ADDRESS: 2165 Nolensville Pike MARKET: Nashville, TN ASSET TYPE: Multifamily ~ UNITS: 236 LENDER: ACRE LANDLORD: Passive Investing BROKERS: Ware Shipman - JLL LOAN AMOUNT: $58,500,000 LOAN TYPE: Bridge loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$58,500,000.00

Monthly NOI$390,000.00
Monthly Debt Service$369,759.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00