Peak Capital Partners Recapitalizes Asset with Programmatic Joint Venture Partner
Cushman & Wakefield’s Atlanta Equity, Debt & Structured Finance Group arranged joint venture equity and senior financing for the recapitalization and refinancing of the 276-unit Hickory Trace multifamily community in Nashville, Tenn., for Peak Capital Partners, a Utah-based multifamily investment and management company.
Cushman & Wakefield’s Mike Ryan, Telly Fathaly, Brian Linnihan and John Alascio represented Peak Capital Partners. The community is located in the Antioch submarket, which is 12 miles southeast of downtown Nashville and adjacent to Global Mall at the Crossings and the Ford Ice Center, which is the practice facility for the NHL’s Nashville Predators. Working through a GSE correspondent relationship with KeyBank, Cushman & Wakefield procured a seven-year fixed-rate loan with a four-year interest-only period. The joint venture equity was provided by The Olayan Group, an international investment company, through a programmatic relationship that the Cushman & Wakefield team helped to establish in 2015. This transaction marks the 11th individual investment the partnership has pursued since formation.
“The financial and operational strength of the partnership gives us the ability to present a wide range of financing options and execution flexibility,” said Fathaly, Senior Director in Cushman & Wakefield’s Equity, Debt & Structured Finance Group.
Cushman & Wakefield Equity, Debt & Structured Finance is a premier real estate investment banking organization serving the financing needs of the real estate industry for over a century. Founded in 1893, and previously known as Sonnenblick Goldman Company, the firm provides a full range of real estate related financial services, including debt and equity placement and joint venture structuring for virtually all product types, investment sales for lodging properties and senior housing/skilled nursing, mortgage loan sales, and advisory services on a global basis as part of the Cushman & Wakefield Capital Markets Group. Headquartered in New York City, Cushman & Wakefield Equity, Debt & Structured Finance has additional offices in Atlanta, Boston, Los Angeles, Chicago, Orlando, San Diego, San Francisco and Washington, D.C.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
