Wyndchase Aspen Grove Secures $109.9 Million Acquisition Loan From Wells Fargo In Franklin, TN

The transaction involves the acquisition financing of a multifamily asset located at 3100 Aspen Grove Drive in Franklin, TN. This property encompasses 560 residential units distributed across 33 buildings, with each unit having an average size of 1,091 square feet. The community is situated on over 60 acres of land, which includes green space and various amenities such as two swimming pools, a fitness center, and a clubhouse.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $109,900,000
• Loan Type: Acquisition
• Lender: Charles W. Scharf - Wells Fargo
• Brokers: Allan Edelson, Justin Nelson, Jeremy Seid, Joe Tarantino & PJ Feichtmeier - Walker & Dunlop

Walker & Dunlop facilitated the arrangement of $109.9 million in floating-rate, interest-only acquisition financing for the Wyndchase Aspen Grove property. Charles W. Scharf represented Wells Fargo in this financing deal, while multiple brokers from Walker & Dunlop managed the transaction process, ensuring all elements were aligned for a successful financing arrangement.