Atlanta & Southeast + Southeast + Finance | January 7, 2021

Newmark Secures $80M in FHA Financing for Knoxville MF Assets

Newmark has secured $79 million in FHA financing for multiple multifamily assets in Knoxville, TENN., including Kingston Pike Village, a 228-unit apartment community in Farragut.

David Pinson and Bill Tanker of Newmark arranged $36.6 million in FHA 221(d)(4), a combined construction/permanent loan, on behalf of Watt Road Investments, LLC for the new construction of Kingston Pike Village. Kingston Pike Village will offer a full range of amenities including a fitness center, a pool, a game room and a grill station. The community is on an adjacent lot to a brand-new grocery store being developed simultaneously.

“Kingston Pike Village will be an outstanding apartment community for families in one of the premier towns in East Tennessee,” said Newmark’s Tanker. “Newmark worked with the development team every step of the way to bring this project to fruition. We are so pleased to provide the construction and permanent financing to fund the project.”

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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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