Atlas Closes $63.4M Nashville Apartment Refi
Atlas Real Estate Partners refinanced Standard Assembly, a 310-unit mixed-use community in Nashville’s Wedgewood-Houston neighborhood. The financing amount was $63.4 million. The refinancing transitions the Opportunity Zone project from a construction loan with Principal Life Insurance to a five-year, fixed-rate Fannie Mae loan with full-term interest-only payments, positioning the asset for long-term stability. At the time of refinancing, the property was 98% occupied.
Standard Assembly features 310 residential units, including 11 live/work units, along with 12,400 square feet of ground-floor retail space.
Standard Assembly offers studio, one-, and two-bedroom residences with high-end finishes, open floor layouts, and modern design elements. Amenities include a co-working space with private offices, an indoor-outdoor fitness center, a resort-style pool, an oversized bike room, and a dedicated dog park and spa.
The development team includes Atlas Real Estate Partners, Wedgewood Avenue, Hy Ventures, Hardaway Construction, EOA Architects, MZA Architects, and Greystar Property Management.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout