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Funded · Multifamily
Amalie Point & Greenbriar Apartments
Amalie Point & Greenbriar Apartments
$26,948,000
Units / buildings165
MarketNashville, TN
Transaction overview
The portfolio comprises 165 multifamily units and was 99% occupied at closing.
The loan was structured with $4.69 million of future funding for capital expenditures to upgrade interiors, amenities, and exteriors to increase rents to market.
Highlights
- Garden-style
- Portfolio loan
- Future capex funding
- Nashville, TN
Loan details
- Loan type
- Floating rate bridge loan
- Structure
- Acquisition — garden-style portfolio
Structure
- Recourse
- Typically non-recourse except for standard carve-outs
Terms
- Term
- 6 months to 5 years
Markets
- Markets
- Primary, secondary, and select tertiary U.S. markets
Additional information
- Transaction details are provided for informational purposes based on publicly available deal summaries.
