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Atlanta & Southeast  + Southeast  + Apartments  |  June 1, 2022
Madison Realty Capital has originated a $23-million loan to M2 Development Partners for two residential towers in Nashville, TN.
Lisa McDuffie
By: Lisa McDuffie

M2 Development to Start Nashville Towers with $23M from Madison Realty Capital

Madison Realty Capital has originated a $23-million loan to M2 Development Partners for the predevelopment of two residential towers in Nashville, TN.

“As prominent businesses across industries such as Amazon, Ernst & Young, AllianceBernstein, and Oracle move and expand into Nashville, demand for high-quality residences continues to grow significantly,” said Josh Zegen, managing principal and co-founder of Madison Realty Capital. “We are pleased to support two projects strategically located in Nashville poised to capitalize on the neighborhood’s live, work and shop proposition as renters seek modern, amenity-rich living options amid a dynamic employment market.”

The borrower’s initial plans for a 1.14 acre-development site at 500 Lafayette Street in the Nashville neighborhood of SoBro include a residence with approximately 340 units as well as outdoor space and underground parking. In Nashville’s Midtown neighborhood, 17th and Patterson is a 0.78-acre development site currently planned to rise 15 stories and offer 139 residential units.

Photo: 17th and Patterson

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Madison Realty Capital 's Zegen

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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