Financial Federal Bank Secures $15.5M Acquisition Loan for Apartment Complex in Nashville
Published on: February 13, 2017
John Nelson, REBusiness Online
NASHVILLE, TENN. — Financial Federal Bank has secured a $15.5 million acquisition loan for Hillwood Pointe Apartments, a 180-unit garden-style multifamily community in Nashville. Steve Curnutte of Financial Federal Bank arranged the 10.5-year loan with a fixed 3.8 percent interest rate and a 30-year amortization schedule through an unnamed life insurance company on behalf of the buyer, a commercial property owner based in Nashville. The property was 97 percent occupied at the time of closing.