Walker & Dunlop secures $120m financing for Nashville’s premier mixed-use community

Walker & Dunlop, Inc., a leader in the commercial real estate financing sector, has successfully arranged a substantial $120,000,000 financing package for 1111 Church, a Class A mixed-use multifamily community positioned in the dynamic Gulch neighborhood of Nashville, Tennessee. This deal marks a significant investment in one of Nashville’s most promising real estate developments, reflecting the growing interest and confidence in the city’s real estate market.

The financing was orchestrated by Walker & Dunlop’s esteemed Capital Markets team, consisting of Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, and Michael Ianno. Acting as exclusive advisors to Tidal Real Estate Partners, a repeat client, the team successfully identified J.P. Morgan and Naftali Credit Partners as the prime lenders for this five-year, interest-only refinancing agreement. Notably, this team also arranged the initial construction financing for 1111 Church in 2021, showcasing their long-term commitment and expertise in supporting transformative real estate projects.

Keith Kurland, Senior Managing Director and Co-Head of New York Capital Markets at Walker & Dunlop, expressed enthusiasm about the deal, stating, “We are thrilled to once again arrange a successful financing on behalf of Tidal Real Estate Partners as they look to finalize the impressive lease-up of this market-leading project. The project’s unparalleled amenity set, prime location in the Gulch, and thoughtful unit mix will ensure its continued strong performance for years to come.”

1111 Church stands as a testament to modern living in Nashville, offering 380 units that include a diverse mix of studios, one-, and two-bedroom apartments across nine distinctive layouts. Designed with today’s young professionals and families in mind, the community boasts over 52,000 square feet of recreational space. Amenities include a sprawling outdoor pool, a state-of-the-art fitness center, a pickleball court, golf simulators, and more, setting a new standard for luxury and convenience in residential living.

Residents of 1111 Church benefit from expansive outdoor green spaces, indoor lounges, and entertainment areas, providing an immersive living experience. The property’s proximity to major employers, entertainment options, and the Nashville Yards development, including the newly opened Puttshack mini-golf experience within the building, underscores its appeal to a wide demographic, from young professionals to families and tourists.

In 2023, Walker & Dunlop’s Capital Markets group facilitated nearly $12 billion in transactions, leveraging capital from non-Agency sources. This achievement cements their reputation as a leading advisor across all asset classes for many of the industry’s top developers, owners, and operators. The company’s consistent performance and strategic financing solutions underscore its pivotal role in driving growth and innovation in the real estate sector.

The successful financing of 1111 Church by Walker & Dunlop not only highlights the potential of Nashville’s real estate market but also demonstrates the company’s ability to navigate complex financing landscapes to support significant developments. This transaction is a clear indication of the robust interest in mixed-use communities that offer a blend of luxury, convenience, and accessibility, catering to the evolving demands of urban living.