Santander Bank Provides $53M Construction Financing For 700 Hamilton Ave Mixed-Use Development In Nashville, TN

The mixed-use property located at 700 Hamilton Ave in Nashville, TN has recently undergone a closed transaction. Spanning over 15,000 acres, the property consists of 246 units, offering a diverse range of residential and commercial spaces. The deal involved multiple parties, including HY Ventures, Atlas Real Estate Partners, and Wedgewood Avenue as the landlords, and Keith Kurland, Michael Diaz, and Sean Reimer from Walker & Dunlop as the brokers.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $53,000,000
• Units: 246
• Acres: 15,000
• Lender: Santander Bank

Santander Bank provided construction financing for the transaction. This loan is aimed at supporting the development and construction of the property, enabling the landlords to enhance its overall value and functionality. The collaboration between HY Ventures, Atlas Real Estate Partners, and Wedgewood Avenue, along with the representation of Keith Kurland, Michael Diaz, and Sean Reimer from Walker & Dunlop, facilitated the successful completion of the deal.