Aloft, Cool Springs

Aloft, Cool Springs

  • $17,520,000
  • 143 rooms
  • Acquisition
  • CMBS

Grandbridge Finances $17.5 Million Nashville Hospitality Acquisition

Grandbridge Real Estate Capital recently closed a $17,520,000 permanent first mortgage loan secured by the Aloft Nashville-Cool Springs, a 143-room hospitality property in the heart of Franklin, Tennessee’s Cool Springs area within the Nashville MSA.

Raleigh, NC-based Senior Vice President Gordon White originated the nonrecourse loan. Funding for the acquisition was arranged through one of Grandbridge’s CMBS correspondent lenders. The loan featured an initial period of interest-only and a 5-year term.

Amenities of the upscale, pet-friendly property include the xyz bar, re:mix lounge, re:charge fitness center/gym, an indoor pool, WiFi and numerous guest-centric services.

About Grandbridge Real Estate Capital LLC

Headquartered in Charlotte, NC, Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank, arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors. The company is a Freddie Mac Optigo℠ lender, a Fannie Mae DUS® lender and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $72.3 billion, Grandbridge, an S&P "Strong" rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations.

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Grandbridge Real Estate Capital LLC is a wholly-owned subsidiary of Truist Bank. Truist Bank is an Equal Housing Lender. Equal Housing Lender  Truist Bank, Member FDIC.

Loans are subject to credit approval, which may or may not be forthcoming. © 2023 Grandbridge Real Estate Capital LLC.