Nashville, TN

$15,500,000 First Mortgage

In March 2026, a $15.5 million first mortgage acquisition loan was provided for a development site located at 319 Peabody Street in Nashville, Tennessee. The site is planned for a 53-story mixed-use tower comprising 509 units, including 405 hotel keys and 104 residential condominium units. The property is situated in the highly sought-after SoBro district, within walking distance of Broadway, the Music City Center, and a wide range of lifestyle and entertainment amenities.

The business plan focuses on completing remaining predevelopment work and advancing the project toward vertical construction. The sponsor has already secured full entitlements for the 53-story tower, significantly increasing density from the original 12-story as-of-right zoning. Upon completion, the project is expected to be the tallest building in Tennessee.