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ACRE Credit I Provides $54.5M Loan For Multifamily Property In Nashville, TN

Property Image
FINANCED
$54,500,000

Tennessee

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MultiFamily
Financed 11/07/2022
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Property Image
FINANCED

ACRE Credit I Provides $54.5M Loan For Multifamily Property In Nashville, TN

640 21st Ave N, Nashville, Tennessee 37203, United States

See Similar Deals
MultiFamily
Financed 11/07/2022
the dealplayerscompscontact
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Summary

TENNESSEE
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

JLL
JLL
BROKERAGE
ACRES Capital
ACRES Capital
LENDER
Asia Capital Real Estate
Asia Capital Real Estate
LENDER

Details

FINANCED
IMAGE: 11/07/2022 ADDRESS: 640 21st Ave N MARKET: Nashville, TN ASSET TYPE: Multifamily LENDER: ACRE Credit I BROKER: Roger Edwards - JLL LOAN AMOUNT: $54,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$54,500,000.00

Monthly NOI$363,333.33
Monthly Debt Service$344,477.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00