Updated Dec 21, 2023
Passive Investing Secures $58.5M Bridge Loan For Nashville Multifamily
2165 Nolensville Pk Nashville, TN 37211, USA
$58,500,000
Units
236
Asset Type
MultiFamily
Closing
Jun 15, 2022
About this deal
AI
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.
The multifamily loan at 2165 Nolensville Pk Nashville, TN 37211, USA in Nashville-Davidson, Tennessee financed for $58.5M in 2022. Reported inventory is 236 units across 236 units. Ware Shipman, JLL appear on the loan alongside JLL. This page is the Nashville-Davidson, Tennessee file for the 2165 Nolensville Pk Nashville, TN 37211, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Nashville-Davidson sit in the Market section below. Filter that Nashville-Davidson multifamily set by closing date to see what else financed near 2165 Nolensville Pk Nashville, TN 37211, USA around 2022. Published consideration for 2165 Nolensville Pk Nashville, TN 37211, USA is $58.5M, dated 2022. Cite this Passive Investing Secures $58.5M Bridge Loan For Nashville Multifamily loan when underwriting similar multifamily product around Nashville-Davidson, Tennessee.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93