Nashville Multi-Family Equity II Member Loan

An investment supported by a Class-A luxury high-rise apartment complex located in Downtown Nashville, Tennessee. As a result of the unprecedented pace of interest rate hikes coupled with a rise in property operating expenses and oversupply in the submarket, the property is experiencing a cash flow deficit to meet its obligations. The proceeds of the investment, which is senior in repayment priority to $48M of equity, will be used to acquire a new interest rate cap and provide working capital to cover operational expenses.

Benzinga Money is a reader-supported publication. We may earn a commission from the advertisers. Read our Advertiser Discloser. The information contained herein is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or ownership interests. Fractional ownership in real estate involves purchasing a percentage share of a property rather than owning the entire property outright. This type of investment carries risks, including but not limited to market volatility, lack of liquidity, and potential loss of capital.