Photo: Google Maps
Investment highlights
- Amenities include a 24-hour fitness center, yoga room, swimming pool, fire pit, grilling station, rooftop deck, clubhouse, music room, art room and dog park.
- The property’s location provides easy access to nearby employment, entertainment and retail in the nearby Nashville area.
- East Nashville is a high-growth submarket with multiple demand drivers: Oracle’s new construction (1.2 million square feet) and Amazon’s expansion (1.4 million square feet), both five minutes from the property.
Investment details1
Total loan size
$62,100,000
Purpose
Acquisition financing
LTV
75%
Year built
2003
Square feet
201,729
Portfolio weight
0.8%
Description
Acquisition financing of a newly built, well-occupied, class A multifamily in East Nashville