facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
FINANCED
$64,000,000

Tennessee

See Similar Deals
MultiFamily
Financed 02/16/2024
the dealplayerscompscontact
Property Image
FINANCED

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

2500 Bransford Avenue

See Similar Deals
MultiFamily
Financed 02/16/2024
the dealplayerscompscontact
Contact now

Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

ServisFirst Bank
ServisFirst Bank
LENDER

Details

FINANCED
IMAGE: Bruce Ward & Harvey Schwartz DATE: 02/16/2024 ADDRESS: 2500 Bransford Avenue MARKET: Nashville, TN ASSET TYPE: Multifamily ~ UNITS: 303 LENDER: ServisFirst Bank LANDLORD: Bruce Ward - Alliance Residential Co & Harvey Schwartz - Carlyle Group LOAN AMOUNT: $64,000,000 LOAN TYPE: Construction NOTE: Alliance Residential Co., in partnership with The Carlyle Group, has unveiled Broadstone Berry Hill, a 303-unit luxury property in metro Nashville, Tennessee, financed with a $64 million construction loan from ServisFirst Bank.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$64,000,000.00

Monthly NOI$426,666.67
Monthly Debt Service$404,523.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00