Atlas Real Estate Partners Refinances 310-Unit Nashville Property With $63.4 Million Fannie Mae Loan
715 Merritt Avenue
$63,400,000
Units
310
Asset Type
MultiFamily
Closing
Jan 9, 2026
AI
The property asset involved in the transaction is located at 715 Merritt Avenue, Nashville, TN. This multi-family asset consists of 310 residential units, retail space, and various amenities. The property is currently 98% occupied and has a loan amount of $63,400,000 attached to it, which was secured through Fannie Mae financing by Atlas Real Estate Partners.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $63,400,000
- Address: 715 Merritt Avenue
- Market: Nashville, TN
- Units: 310
- Landlord: Atlas Real Estate Partners
Atlas Real Estate Partners refinanced the Standard Assembly property in Nashville, securing a Fannie Mae loan to facilitate the transaction, indicating strategic financial management regarding their holdings in the market.
Players
Nashville 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93