REBusinessOnline

Cushman & Wakefield Secures $40M Construction Loan for Apartment Community in Nashville’s Cool Springs

FRANKLIN, TENN. — Cushman & Wakefield has secured a $40 million construction loan for the development of a 328-unit apartment community in Franklin, the seat of Nashville’s Cool Springs district. Mike Ryan, Telly Fathaly and Brian Linnihan of Cushman & Wakefield structured senior debt on behalf of the borrower, Middleburg Real Estate Partners. The Cushman & Wakefield team also sourced joint venture equity with an institutional capital partner for the development. The property will include two split-level buildings comprising 21 studio apartments, 168 one-bedroom units and 139 two-bedroom units. Community amenities will includes a clubhouse, saltwater pool, cabana areas, outdoor kitchens and a four-acre park for residents. Middleburg has begun construction on the unnamed property and expects to wrap up construction in 2018.

Get more news delivered to your inbox. Subscribe to France Media's twice-weekly regional e-newsletters. Click here.



Related News

Content Partners