GERMANTOWN, TENN. — A joint venture between Passco Companies and Avenida Partners has secured $24.1 million to refinance Avenida Watermarq, a lakefront 161-unit building in Germantown, which is an eastern suburb of Memphis, Tennessee. Knighthead Funding provided the loan. Avenida Watermarq offers one- and two-bedroom floor plans across four stories. The community includes amenities such as a fitness center, library, courtyard, swimming pool, grill area, game room, pet park, theater, art studio and detached garages.
Knighthead Funding provided a $24.1 million loan for the refinancing of Avenida Watermarq in Germantown, Tenn. Passco Companies and Avenida Partners used proceeds from the loan to refinance the existing construction loan.
Joint Venture Secures $24.1 Million to Refinance Avenida Watermarq Near Memphis, Tennessee
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