FINANCEDMultiFamily
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
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.
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93