Chicago, Illinois ā€“ NXT Capital announced today that it closed a $43 million first mortgage loan to refinance Eastside Heights, a 249-unit, Class A apartment community located in Nashville, Tennessee.

Eastside Heights is located just minutes from Interstate 24 with close proximity to Downtown Nashville, Music Row and Germantown. Community amenities include a fitness center, yoga studio, saltwater swimming pool and sundeck, clubhouse, business center, game room, dog run and pet care center and bike storage.

NXT Capitalā€™s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $15 million to $75 million for major-market properties targeting a DSC greater than 1.0X. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.