Madison Realty Capital Lends $45M on Nashville Acquisition
Commercial Observer reported that GBT Realty and Atalaya Capital have secured $45 million of acquisition financing from Madison Realty Capital for a planned mixed-use development in Nashville, Tennessee. The loan will cover acquisition and pre-development costs for the joint venture’s River North project, situated on a 3.71-acre site along Nashville’s East Bank. “Nashville is experiencing meaningful growth as a significant number of major technology, finance, manufacturing and e-commerce businesses expand to the metropolitan area,” Josh Zegen, managing principal and co-founder of Madison Realty Capital, said in a statement. “River North is a transformational Nashville project critical to strengthening the city’s rapid development and attractive job market and we look forward to supporting the project.”
