Updated Oct 29, 2024
TC Restaurant Group Secures $9.5M Construction Loan For Six-Story Bar Project On 4th Ave N
107 4th Avenue North Nashville, Tennessee 37219, USA
$9,500,000
$1,982/SF
Building Size
4,792 SF
Asset Type
Parking Lot
Closing
Aug 22, 2023
About this deal
AI
TC Restaurant Group, the company behind celebrity-branded bars on Lower Broadway, has secured a $9.5 million construction loan for its upcoming six-story bar project located at 107 Fourth Ave. N in Nashville, TN. The property is a parking lot with a total area of 4,792 square feet.
Summary of transaction details
- Property Type: Parking Lot
- Transaction Amount: $9,500,000
- Address: 107 4th Ave N, Nashville, TN
- Market: Nashville, TN
- Landlord: TC Restaurant Group
- Loan Type: Construction
The $9.5 million construction loan was secured by TC Restaurant Group for their new six-story bar project. The project, located at 107 Fourth Ave. N in Nashville, will be a significant addition to TC Restaurant Group's portfolio of celebrity-branded bars in the area.
Players
Nashville Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Loan transactions
Loading comparables…
Deal FAQ
Browse Tennessee parking lot loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93