Nashville – Knoxville
Nashville Community Expansion Lands Financing
Schatten Properties, the owner of the 412-unit multifamily asset, will use the $14 million construction loan to add a second phase totaling 151 units.
Freeman Webb JV Refinances TN Apartments
Newmark Knight Frank Multifamily Capital Markets originated $29 million in financing through Fannie Mae for a property in Nashville. The mortgage retires a prior loan of $21.7 million.
Nashville Community Gets $39M Refi
PGIM Real Estate Finance originated the new 10-year Freddie Mac loan, which retires CMBS debt of nearly $34 million taken in 2015.
Harbor Group Pays $51M for Nashville Community
Greystone originated more than $40 million in Freddie Mac acquisition financing for the buyer of the 407-unit Class B multifamily asset.
Bridge Investment Group Buys Senior Housing Portfolio
Located in Alabama, Florida, Georgia and Tennessee, the eight communities encompass 887 units with a total occupancy rate of 92 percent.
Knoxville Multifamily Report – Winter 2019
Knoxville’s multifamily market is showing signs of growth as the cycle stretches further. Slow construction activity and healthy demand are putting upward pressure on occupancy and rents.
Top 10 Nashville Multifamily Acquisition Loans
Alongside a banner year for multifamily transactions across the metro, with close to 10,000 units changing hands, lenders have kept pace, originating more than $1 billion in acquisition financing.
Newly Completed Nashville Community Lands $40M Refi
The Giddings Group opened the 251-unit luxury asset in the city’s North Nashville/Bordeaux submarket in 2018. The new financing package pays down a prior construction loan from SunTrust Bank.
Lion Real Estate Expands Nashville Footprint
The acquisition, valued at more than $13 million, adds 160 units to the firm’s portfolio. The community last changed hands in 1990.
Top Multifamily Transactions in TN in 2018
Investment in Tennessee stayed strong in 2018, as Nashville’s appeal only grew following Amazon’s commitment to add jobs to the metro going forward.