Updated Jan 9, 2026
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
About this deal
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.
On the Map
$63,400,000
MultiFamily
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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