Updated Mar 17, 2025
ACRE Credit I Provides $54.5M Loan For Multifamily Property In Nashville, TN
640 21st Ave N, Nashville, Tennessee 37203, United States
$54,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 6, 2022
About this deal
AI
The multifamily property at 640 21st Ave N in Nashville, TN has recently undergone a closed transaction. The loan for this property was secured on 11/07/2022 for a total amount of $54,500,000 from ACRE Credit I.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,500,000
- Address: 640 21st Ave N, Nashville, TN
- Market: Nashville, TN
The broker involved in this transaction is Roger Edwards from JLL, representing the buyer or seller.
The multifamily loan at 640 21st Ave N, Nashville, Tennessee 37203, United States in Nashville-Davidson, Tennessee financed for $54.5M in 2022. 640 21st Ave N, Nashville, Tennessee 37203, United States is classified as Multifamily on Traded. JLL appears on the loan alongside JLL. This page is the Nashville-Davidson, Tennessee file for the 640 21st Ave N, Nashville, Tennessee 37203, United States 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 640 21st Ave N, Nashville, Tennessee 37203, United States around 2022. Published consideration for 640 21st Ave N, Nashville, Tennessee 37203, United States is $54.5M, dated 2022. Cite this ACRE Credit I Provides $54.5M Loan For Multifamily Property In Nashville, TN loan when underwriting similar multifamily product around Nashville-Davidson, Tennessee.
On the Map
$54,500,000
MultiFamily
View full map
Players
Nashville-Davidson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Nashville-Davidson multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93