NASHVILLE—Nashville refuses to be left out of the multifamily revival discussion. Beech Street Capital just closed on $92.6 million in Freddie Mac Capital Markets Execution loans on the acquisition of a three-property multifamily portfolio spanning 1,333 units in Nashville.
Aaron Birnbaum of Meridian Capital Group originated the transaction. Beech Street Capital financed the deal as part of its correspondent relationship with Meridian.
“With this acquisition specifically, the borrower needed to have the transaction happen within a very rapid time frame,” Grace Huebscher, president and CEO at Beech Street Capital, tells GlobeSt.com. “Beech Street and Freddie Mac really stepped up to provide certainty of execution, and did so on very competitive terms.”
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