
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.
- ◦Development