Cushman & Wakefield Secures Loan for Tennessee Apartment Community

8/2/17

Cushman& Wakefield has secured $40 million in loan financing on behalf of Middleburg Real Estate Partners for the construction of a 328-unit luxury apartment community located in Williamson County, Tennessee. Mike Ryan, Telly Fathaly and Brian Linnihan of Cushman & Wakefield’s Atlanta Equity, Debt & Structured Finance team sourced approximately $40 million in senior debt and also sourced the remaining joint venture equity with an institutional capital partner.

The apartment community will include two split-level buildings with elevators, and the unit mix will consist of 21 studio apartments, 168 one-bedroom units, and 139 two-bedroom units with an average of 934 rentable square feet. It will be the only project in the submarket to include all of the following features: granite countertops, stainless steel appliances, undermount sinks, and air-conditioned corridors. Amenities will include an 11,000-square-foot club house with a saltwater pool, cabana areas and outdoor kitchens, plus a 4-acre residents’ park.

In the last five years, Cushman & Wakefield’s Equity, Debt & Structured Finance practice has financed over deals 200 deals valued at over $28 billion. For more information, click here.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.