The Coda

Nashville, TN

Multifamily Refinance

The Coda

MULTIFAMILY REFINANCE

ACRES Capital has funded a $31 million loan to refinance The Coda, a recently completed, 150-unit upscale apartment community, located in Nashville, TN.

The property amenities include:
• 150-unit upscale apartments
• A state-of-the-art fitness club
• Podcasting studio
• Shared workspaces
• A rooftop pool and outdoor grilling areas

$31 Million

Loan Amount

Refinance

Loan Product

“We are excited to provide bridge financing to stabilize this best-in-class asset, led by an experienced sponsorship team, to capture the long-term growth we continue to see in Nashville’s urban core. The Coda exemplifies the type of thoughtfully designed, well-amenitized multifamily asset that will outperform in Nashville’s dynamic market.”

- Mark Fogel

ACRES Chief Executive Officer and President

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.