Knighthead Funding Provides $29M Acquisition Loan For Franklin, TN Office Building

An office property located at 455 Duke Dr in Franklin, TN with a size of 180,000 square feet has been recently involved in a loan transaction. The loan, which took place on July 7, 2022, was an acquisition-type loan provided by Knighthead Funding, LLC. The loan amount for this transaction was $29,000,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $29,000,000
• Address: 455 Duke Dr, Franklin, TN
• Market: Franklin, TN
• Lender: Knighthead Funding, LLC
• Landlord: Elmington Capital

Elmington Capital, the landlord of the property, was involved in this loan transaction as well. This deal highlights the collaboration between the property owner and their lender, emphasizing the importance of financing in real estate acquisitions.