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Ascend Real Estate Group and Wanxiang America Real Estate Group have closed on $133.6-million construction financing for a multifamily development in Nashville, TN.

JV Secures $134M Construction Loan for Midtown Nashville Multifamily

A joint venture of Ascend Real Estate Group and Wanxiang America Real Estate Group has closed the $133.6-million construction financing of a Class A, 383-unit multi-housing development in the Midtown neighborhood of Nashville, TN.

Chris Knight of JLL represented the buyer and secured through Square Mile Capital Management, LLC.

The project, 19th and Church, will be a 16-story building with 6,000 square feet of retail atop studio, one- and two-bedroom units. Amenities include coffee bar, fitness center and yoga studio, large indoor entertainment room, gourmet chef’s kitchen, music and podcast studio, an outdoor bar with televisions and bar seating, courtyard with a pool, grilling stations and firepits and private work rooms.

19th & Church’s Midtown location offers residents walkability to Nashville’s largest employers, and proximity to over 200 bars/speakeasies, restaurants and coffee shops, as well as over 35 live music venues and nightclubs. The property also provides quick connectivity to Interstate 40.


Inside The Story


About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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