Denholtz Inks $76M Refi on Nashville-Area Apartments
Denholtz procured a $76 million loan to refinance Overall Creek Apartments, a 384-unit Class A multifamily property located in Murfreesboro, Tennessee, 30 miles southeast of Nashville. The financing was provided by PCCP.
A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Chuck Kohaut, and Chris Meloni represented the borrower in the transaction.
Built in 2020, Overall Creek Apartments is located at 5150 Jack Byrnes Drive and features amenities including a courtyard with a pool and grill stations, fire pits, a dog park, a hydro massage room, tanning bed, a business center, and a fitness center. The property is currently 94% occupied and offers one-, two-, and three-bedroom residences averaging 1,057 square feet.
The community is positioned near regional employers such as Middle Tennessee State University and Nissan North America.
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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