NASHVILLE, TENN. — Naftali Credit Partners and J.P. Morgan have provided $120 million in financing for 1111 Church Street, a recently developed mixed-use project in the North Gulch neighborhood Nashville. The borrower was Tidal Real Estate Partners.
The five-year financing comprises a senior loan from J.P. Morgan and a mezzanine loan from Naftali Credit. The funds will be used to refinance an existing construction loan and provide bridge financing to a sale or permanent financing. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz and Michael Ianno of Walker & Dunlop arranged the financing on behalf of the borrower.
1111 Church Street comprises 380 units in studio, one- and two-bedroom floor plans. The property also features 45,000 square feet of retail space and dedicated parking, as well as 52,000 square feet of amenity space. Amenities include a pool, fitness center, pickleball court and golf simulators, and a recently opened Puttshack.