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Developers Secure $162M Build Loan — Plus $35M From CrowdStreet — for Nashville Community
PMG, New Valley and RMWC have $162.2 million in construction financing for Society Nashville, a 471-unit mixed-use project located at 915 Division Street in Nashville, TN.
Square Mile Capital provided the loan, and PMG was represented by Matthew Danow and Lauren Sellman from Katsky Korins, LLP. PMG, New Valley and RMWC also received $35 million in equity for the project through CrowdStreet. Society Nashville is slated for completion in 2024.
The Baker Barrios Architects-designed Society Nashville will rise 16 stories and include 502 residential real estate units, approximately 8,400 square feet of retail space and 485 parking spaces. The development will offer a blend of traditional units and “Rent-by-Bedroom” (co-living) options. Amenities at Society Nashville will include a pool deck, fitness center, and co-working facilities.
Launched in 2019, PMG’s Society Living multifamily brand was created to address the insatiable demand for reasonably priced rental communities in the most desirable locations close to urban centers.
- ◦Development
