PMG, New Valley & RMWC Secure $162M Construction Loan For Nashville Multifamily

The multifamily property located at 915 Division St in Nashville, TN has recently undergone a closed transaction involving a construction loan. The property consists of 502 units and is owned by PMG, New Valley & RMWC.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $162,000,000
• Address: 915 Division St, Nashville, TN
• Market: Nashville, TN
• Lender: Square Mile Capital
• Landlord: PMG, New Valley & RMWC
• Loan Type: Construction loan

Square Mile Capital acted as the lender for this transaction, providing a construction loan amount of $162,000,000 to support the development or renovation of the multifamily property. This loan will facilitate the construction process and enable the owners, PMG, New Valley & RMWC, to enhance and improve the property for future residents.