facebook
Traded Co logo
Submit
Daily limit: 0/10

Canyon Partners Real Estate & JP Morgan Chase Extend $174.6M Construction Loan For One22One Office Tower In Nashville

Property Image
FINANCED
$174,600,000

Tennessee

See Similar Deals
Office373,232 SF
Financed 08/30/2023
the dealplayerscompscontact
Property Image
FINANCED

Canyon Partners Real Estate & JP Morgan Chase Extend $174.6M Construction Loan For One22One Office Tower In Nashville

1221 Broadway Nashville, TN 37203, USA

See Similar Deals
Office373,232 SF
Financed 08/30/2023
the dealplayerscompscontact
Contact now

Summary

TENNESSEE
Asset Type:Office
Price Per Square Foot:$467
Total Square Footage:373,232 SF
Transaction Type:Loan

One22One, a premium office tower located at 1221 Broadway in Nashville, Tennessee, has been recapitalized through a senior construction loan. The loan amount of $174,600,000 was jointly extended by Canyon Partners Real Estate and J.P. Morgan Chase to a partnership between GBT Realty Corporation and Koch Real Estate Investments.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $174,600,000
  • Square Footage: 373,232 SF
  • Address: 1221 Broadway, Nashville, TN
  • Market: Nashville, TN

The lender for this transaction is Canyon Partners Real Estate and J.P. Morgan Chase, while the landlord is George Tomlin, representing GBT Realty Corporation and Koch Real Estate Investments.

It is important to note that the loan provided by Canyon Partners Real Estate and J.P. Morgan Chase is specifically for the purpose of recapping the One22One office tower, which has recently been completed in Nashville.

Players

Canyon Partners
Canyon Partners
LENDER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER
KI
Koch Real Estate Investments
LANDLORD

Details

FINANCED
IMAGE: George Tomlin DATE: 08/30/2023 ADDRESS: 1221 Broadway MARKET: Nashville, TN ASSET TYPE: Office ~ SF: 373,232 LENDER: Canyon Partners Real Estate & JP Morgan Chase LANDLORD: George Tomlin - GBT Realty Corporation & Koch Real Estate Investments LOAN AMOUNT: $174,600,000 LOAN TYPE: Construction NOTE: Canyon Partners Real Estate and J.P. Morgan have jointly extended a $174.6 million senior construction loan to a partnership between GBT Realty Corporation and Koch Real Estate Investments for the recapitalization of One22One, a recently completed premium office tower in Nashville.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$174,600,000.00

Monthly NOI$1,164,000.00
Monthly Debt Service$1,103,590.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00