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Atlanta & Southeast  + Southeast  + Finance  |  October 14, 2019
David Cohen
By: David Cohen

CBRE Secures Refinancing for 17-Story Nashville MXU Property

CBRE Capital Markets’ Debt & Structured Finance team has arranged a loan to refinance Aertson Midtown, a 17-story mixed-use property nearby Vanderbilt University in Nashville.

Completed in 2017, Aertson Midtown consists of 350 apartment units, a 180-room boutique hotel managed by Kimpton, a 635-space structured parking garage and nearly 40,000 square feet of retail which includes three restaurants, a spa, an upscale grocer and a bank.

Shawn Rosenthal and Jason Gaccione of CBRE’s Midtown Manhattan office secured the loan, on behalf Indianapolis-based full-service real estate firm Buckingham Cos. The non-recourse, fixed-rate loan was provided by Apollo Global Management on behalf of Athene as senior lender, and Clarion Partners and Axonic Capital Services as mezzanine lenders. The amount of the loan was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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