Turnbridge Equities Secures $78M Construction Loan For 12South Projects In Nashville

Turnbridge Equities, a New York-based investment firm, has secured a $78 million construction loan from Lakestar Finance LLC for two 12South projects in Nashville. The loan will be used for the development of 2311, 2315 & 2317, and 2212 12th Ave. S, a package deal comprising a total of 116,500 square feet of space on 1.92 acres of land. The projects are expected to greatly enhance the local real estate market in Nashville, TN.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $78,000,000
• Property Square Footage: 116,500
• Land Area: 1.92 acres
• Address: 2311, 2315 & 2317 & 2212 12th Ave. S, Nashville, TN
• Lender: Lakestar Finance
• Landlord: Andrew Joblon - Turnbridge Equities

This significant transaction involves Turnbridge Equities, led by Andrew Joblon, as the landlord and Lakestar Finance as the lender. The loan amount of $78 million highlights the scale of the construction project. With these financing arrangements in place, the development is poised to bring new opportunities and growth to the 12South neighborhood in Nashville, TN.