BridgeCity Capital Provides $43.5 Million Construction Loan For 247 Unit Multifamily Project In Nashville

This transaction involves a multifamily asset located in Nashville, TN, consisting of 247 units. The loan amount for this construction project is $43,500,000, provided by BridgeCity Capital, with terms including a duration of 24 months and options for extension. The loan is structured with a loan-to-cost ratio of 80%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,500,000
• Market: Nashville, TN
• Lender: BridgeCity Capital
• Loan Type: Construction
• Loan Terms: 24 months + extension options
• LTC: 80%
• Units: 247

The key individuals involved in the transaction include Louis Lebovits, Allan Lebovits, Moishe Loketch, and Pinny Loketch. BridgeCity Capital is known for financing mixed-use, residential, industrial, and construction projects across the Tri-State Area, South Florida, and other states.