facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Tennessee

/

Retail

/

Loan

/

405 Broadway

Big Plan Holdings Secures $61M Construction Loan For Nashville Bar/Restaurant Project
FINANCEDRetail

Big Plan Holdings Secures $61M Construction Loan For Nashville Bar/Restaurant Project

405 Broadway

$61,000,000

$1,648/SF

Building Size

37,000 SF

Asset Type

Retail

Closing

Dec 22, 2023

AI

The Nashville-based family office, Big Plan Holdings, has closed a $61,000,000 construction loan for its 36,767 sq. ft bar/restaurant/entertainment venue development located at 405 Broadway in downtown Nashville. This property was previously acquired by Big Plan Holdings in 2020 for $9,400,000. The development is expected to open in late spring and will feature a branded concept with an A-list celebrity partner soon to be announced.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $61,000,000
  • Square Footage: 37,000
  • Address: 405 Broadway
  • Market: Nashville, TN

Big Plan Holdings, owned and operated by the Joseph family, is the landlord of the property. They are a family office with investments in various industries such as real estate, cannabis, music + entertainment, sports, fashion, and philanthropy. For further information, interested parties can contact Big Plan Holdings at [email protected].

Players

Nashville Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93