BridgeInvest Closes a $25.0MM Refinancing Loan in Nashville, TN
1st Priority Mortgage Loan
Loan Amount
$25,000,000
Property Type
Land
Location
Nashville, TN
BridgeInvest is excited to announce the closing of a $25.0 million refinancing loan, senior secured by a 2.21-acre tract of land in Nashville’s South of Broadway neighborhood. The sponsor will use the funds to retire existing debt, cover third-party architectural and engineering costs, and fund an interest reserve in preparation for securing construction financing for a three-tower development project.
Transaction Highlights:
- Ability to fund a non-cash flowing asset
- Strong infill location
- Significant value attributed to up-zoning
