Chicago, Illinois – 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 Capital’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.