Alliance Residential & Carlyle Group Secure $64M Construction Loan In Nashville

The property involved in the transaction is the luxury property Broadstone Berry Hill located at 2500 Bransford Avenue in Metro Nashville, Tennessee. The property consists of 303 units and was financed with a $64 million construction loan from ServisFirst Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $64,000,000
• Units: 303
• Landlord: Bruce Ward - Alliance Residential Co & Harvey Schwartz - Carlyle Group
• Lender: ServisFirst Bank

Alliance Residential Co. and The Carlyle Group are the key individuals behind the deal for the property at Broadstone Berry Hill in Nashville. Bruce Ward represents Alliance Residential Co. while Harvey Schwartz represents the Carlyle Group in this transaction.