Akara Partners Refinances Multifamily Property In Nashville, TN For $101.2M With Lender MF1 Capital
FINANCED
$101,200,000
+ 2
Tennessee
See Similar DealsMultiFamily211,458 SF
Financed 10/27/2023
FINANCED
Akara Partners Refinances Multifamily Property In Nashville, TN For $101.2M With Lender MF1 Capital
800 19th Avenue South
See Similar DealsMultiFamily211,458 SF
Financed 10/27/2023
+ 2
Summary
TENNESSEE
Asset Type:MultiFamily
Price Per Square Foot:$478
Total Square Footage:211,458 SF
Transaction Type:Loan
Akara Partners, represented by Rajen Shastri, has successfully refinanced a multifamily property located at 800 19th Avenue South in Nashville, TN. The property comprises 420 units with a total area of 211,458 square feet. The transaction was valued at $101,200,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $101,200,000
- Address: 800 19th Avenue South, Nashville, TN
- Market: Nashville, TN
- Lender: Michael Squires - MF1 Capital
- Borrower: Rajen Shastri - Akara Partners
- Brokers: Jesse Wright, Brian Dawson, Kenny Cutler, Joshua Odessky & J.J. Hovenden - JLL
- Loan Type: Refinance
JLL brokers Jesse Wright, Brian Dawson, Kenny Cutler, Joshua Odessky, and J.J. Hovenden played a key role in facilitating the loan refinancing transaction for Akara Partners. This deal marks a significant milestone for the property and the parties involved.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$101,200,000.00
Monthly NOI$674,666.67
Monthly Debt Service$639,652.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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