KeyBank Provides $48M Acquisition Loan for Apartment Community in Metro Nashville

by Alex Tostado

MT. JULIET, TENN. — KeyBank Real Estate Capital has provided a $48 million Freddie Mac acquisition loan to Bluerock Real Estate for Providence Trail Apartments in Mt. Juliet. Providence Trail Apartments was built in 2008 and underwent a $1.6 million renovation in 2016. The property offers 24 three-story buildings comprising 334 units. Communal amenities include a bark park, saltwater swimming pool, poolside grilling station, clubhouse, courtyard and a community kitchen. The seller was not disclosed.

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