Motif Hotel on Music Row
Proximity to Demand Drivers
Located in West Nashville on Music Row, considered the heart of Nashville’s entertainment industry. It is also close to Vanderbilt University, Midtown, Downtown and Amazon Nashville Yards Tower.
Unit Size Demand
The average rental size, according to AirDNA is 2.6 bedrooms, and the Hotel is positioned well to accommodate this demand with 44 two-bedroom units and five three-bedroom units. Additionally, the property has connecting rooms, allowing flexibility to increase the room size.
Strong Basis
14 comparable transactions have sold for an estimated average value of $542K/key, representing a 71% premium to loan basis ($317K/key).
Related
Case Studies
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Peachtree Closes 17 loans totaling more than $244MM in the last 90 days
Peachtree Group Closed 17 loans totaling more than $244MM in the last 90 days
Peachtree Group is a nationwide direct balance-sheet lender, offering competitive terms, in-house loan servicing, and flexible capital to handle a wide array of projects.
Peachtree provides full-stack debt capital solutions to qualified commercial real estate owners across all sectors throughout the U.S. We offer bridge, construction, mezzanine, preferred equity, CPACE, permanent and NNN financing.
See below for some of the most recent loan transactions from Peachtree Group including hotel loans, retail, multifamily, industrial, and land. Click here for our portfolio.
Need Financing? Contact us at lending@peachtreegroup.com.
FEATURED: $20.5MM Development Loan for a Conversion
Peachtree Group worked with the Sponsor to convert a retail store to an industrial building in a sought-after area of Sacramento, CA.
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FEATURED: $12.5MM Bridge Loan for a Hotel
Peachtree Group worked with the Sponsor to pay off its maturing loan while executing a business plan to upgrade its property to better compete in the marketplace and retain its Hilton flag.
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Peachtree is an award-winning hotel lender. Contact us to discuss your deal.