Walker & Dunlop Arranges $253 Million Construction Financing for Nashville’s Pendry Nashville and Pendry Residences Nashville
Walker & Dunlop (WD) has secured a $253 million construction loan for the development of Pendry Nashville and Pendry Residences Nashville, a 30-story hotel condominium tower in Nashville's Paseo South Gulch district. The project represents Phase 3 of SomeraRoad's master-planned micro-neighborhood.
The development will feature 180 hotel keys and 146 Pendry-branded luxury condominiums. Amenities will include upscale food and beverage outlets, curated event spaces, and separate pools for hotel guests and residents. The project is set to break ground immediately with completion scheduled for 2027.
The financing was arranged by WD's New York Capital Markets team on behalf of SomeraRoad and Trestle Studio, with Bank OZK and InterVest Capital Partners providing the financing package. In 2024, WD's Capital Markets team sourced over $16 billion from non-Agency capital providers.
Walker & Dunlop (WD) ha ottenuto un prestito per costruzione di 253 milioni di dollari per lo sviluppo di Pendry Nashville e Pendry Residences Nashville, una torre condominiale hotel di 30 piani situata nel quartiere Paseo South Gulch di Nashville. Il progetto rappresenta la Fase 3 del micro-quartiere pianificato da SomeraRoad.
Lo sviluppo presenterà 180 camere d'hotel e 146 condomini di lusso a marchio Pendry. I servizi includeranno ristoranti e bar di alta gamma, spazi per eventi curati e piscine separate per gli ospiti dell'hotel e i residenti. Il progetto è previsto per iniziare immediatamente, con completamento programmato per il 2027.
Il finanziamento è stato organizzato dal team dei Mercati di Capitale di WD a New York per conto di SomeraRoad e Trestle Studio, con Bank OZK e InterVest Capital Partners che forniscono il pacchetto di finanziamento. Nel 2024, il team dei Mercati di Capitale di WD ha ottenuto oltre 16 miliardi di dollari da fornitori di capitale non agenziali.
Walker & Dunlop (WD) ha conseguido un préstamo de construcción de 253 millones de dólares para el desarrollo de Pendry Nashville y Pendry Residences Nashville, una torre de condominios hoteleros de 30 pisos en el distrito Paseo South Gulch de Nashville. El proyecto representa la Fase 3 del microvecindario planificado por SomeraRoad.
El desarrollo contará con 180 llaves de hotel y 146 condominios de lujo de la marca Pendry. Las comodidades incluirán restaurantes y bares de alta gama, espacios para eventos curados y piscinas separadas para los huéspedes del hotel y los residentes. El proyecto está programado para comenzar de inmediato, con una finalización prevista para 2027.
El financiamiento fue organizado por el equipo de Mercados de Capital de WD en Nueva York en nombre de SomeraRoad y Trestle Studio, con Bank OZK e InterVest Capital Partners proporcionando el paquete de financiamiento. En 2024, el equipo de Mercados de Capital de WD obtuvo más de 16 mil millones de dólares de proveedores de capital no pertenecientes a agencias.
워커 & 던롭(WD)은 내슈빌의 파세오 사우스 걸치 지구에 위치한 30층 호텔 콘도미니엄 타워인 Pendry Nashville 및 Pendry Residences Nashville 개발을 위해 2억 5천 3백만 달러의 건설 대출을 확보했습니다. 이 프로젝트는 SomeraRoad의 마스터 플랜 마이크로 네ighborhood의 3단계를 나타냅니다.
개발에는 180개의 호텔 키와 146개의 Pendry 브랜드 고급 콘도미니엄이 포함될 것입니다. 편의 시설로는 고급 음식 및 음료 매장, 큐레이션된 이벤트 공간, 호텔 투숙객과 거주자를 위한 별도의 수영장이 포함됩니다. 이 프로젝트는 즉시 착공될 예정이며, 2027년 완료가 예정되어 있습니다.
이 자금 조달은 SomeraRoad 및 Trestle Studio를 대신하여 WD의 뉴욕 자본 시장 팀에 의해 조정되었으며, Bank OZK 및 InterVest Capital Partners가 자금 패키지를 제공합니다. 2024년에 WD의 자본 시장 팀은 비기관 자본 제공자로부터 160억 달러 이상을 조달했습니다.
Walker & Dunlop (WD) a obtenu un prêt de construction de 253 millions de dollars pour le développement de Pendry Nashville et Pendry Residences Nashville, une tour d'appartements-hôtels de 30 étages située dans le quartier Paseo South Gulch à Nashville. Ce projet représente la Phase 3 du micro-quartier planifié par SomeraRoad.
Le développement comprendra 180 clés d'hôtel et 146 condominiums de luxe sous la marque Pendry. Les commodités incluront des restaurants et bars haut de gamme, des espaces d'événements soigneusement sélectionnés et des piscines séparées pour les clients de l'hôtel et les résidents. Le projet devrait commencer immédiatement, avec une achèvement prévu pour 2027.
Le financement a été organisé par l'équipe des Marchés de Capitaux de WD à New York au nom de SomeraRoad et Trestle Studio, avec Bank OZK et InterVest Capital Partners fournissant le paquet de financement. En 2024, l'équipe des Marchés de Capitaux de WD a obtenu plus de 16 milliards de dollars de la part de fournisseurs de capitaux non-agents.
Walker & Dunlop (WD) hat ein Bau-Darlehen in Höhe von 253 Millionen Dollar für die Entwicklung von Pendry Nashville und Pendry Residences Nashville, einem 30-stöckigen Hotel- und Wohnkonzept im Stadtteil Paseo South Gulch in Nashville, gesichert. Das Projekt stellt die Phase 3 des von SomeraRoad geplanten Mikroviertels dar.
Die Entwicklung wird 180 Hotelzimmer und 146 Luxuswohnungen der Marke Pendry umfassen. Zu den Annehmlichkeiten gehören gehobene Gastronomie, kuratierte Veranstaltungsräume und separate Pools für Hotelgäste und Bewohner. Der Projektbeginn ist sofort geplant, mit einer Fertigstellung im Jahr 2027.
Die Finanzierung wurde vom New Yorker Kapitalmarktteam von WD im Auftrag von SomeraRoad und Trestle Studio arrangiert, wobei Bank OZK und InterVest Capital Partners das Finanzierungspaket bereitstellen. Im Jahr 2024 hat das Kapitalmarktteam von WD über 16 Milliarden Dollar von nicht-Agentur Kapitalanbietern akquiriert.
- Secured major $253 million construction loan, demonstrating strong financing capabilities
- Capital Markets team sourced over $16 billion in 2024, showing robust business performance
- Expanding presence in luxury real estate market with significant mixed-use development project
- None.
Insights
Walker & Dunlop's arrangement of a
The transaction highlights WD's ongoing partnership with SomeraRoad, as this marks the third phase of financing they've arranged for the Paseo South Gulch development. This repeat business indicates strong client satisfaction and the company's ability to maintain valuable long-term relationships that generate consistent revenue streams.
This deal contributes to WD's impressive capital sourcing activity - their Capital Markets team sourced over
WD's demonstrated ability to connect qualified sponsors with capital sources, particularly for complex projects where "more capital providers are shying away," reinforces their critical position as intermediaries in the commercial real estate financing ecosystem. This deal validates their continued execution in their core business model during a period of capital constraints across the industry.
Photo Credits: SomeraRoad
The Walker & Dunlop New York Capital Markets team, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Sean Bastian and Jackson Irwin arranged the construction financing on behalf of SomeraRoad and Trestle Studio. Bank OZK and InterVest Capital Partners provided the financing package.
Jay Morrow and Carter Gradwell of the Walker & Dunlop Hospitality team advised SomeraRoad throughout the process, working in collaboration with the New York Capital Markets team.
As Phase 3 of the Paseo South Gulch master-planned micro-neighborhood by SomeraRoad, the Pendry Nashville Hotel & Residences will feature 180 hotel keys and 146 Pendry-branded luxury condominiums. Upon completion, the development will offer a wide range of amenities, a variety of upscale food and beverage outlets, curated event spaces, and individual pools for both hotel guests and residents, among other offerings.
“Having worked with SomeraRoad to capitalize prior phases of their Paseo South Gulch master-planned development, we are firm believers in their long-term vision for the neighborhood,” said Aaron Appel, senior managing director and co-head of New York Capital Markets at Walker & Dunlop. “In a market where more and more capital providers are shying away from complex mixed-use developments, this transaction highlights the availability of liquidity for qualified Sponsors with unique projects.”
The project is expected to break ground immediately with opening scheduled for 2027.
In 2024, Walker & Dunlop’s Capital Markets team sourced over
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in
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Investors:
Kelsey Duffey
Investor Relations
Phone 301.202.3207
investorrelations@walkeranddunlop.com
Media:
Nina H. von Waldegg
VP, Public Relations
Phone 301.564.3291
info@walkeranddunlop.com
Phone 301.215.5500
7272 Wisconsin Avenue, Suite 1300
Source: Walker & Dunlop, Inc.
FAQ
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