Even in the midst of the coronavirus pandemic, Nashville developers are obtaining construction loans for largely speculative office developments. Earlier this month, GBT Realty announced it had secured a nine-figure construction loan for its new Nashville project, One22One. The office tower will sit at 1221 Broadway in Downtown Nashville. Mack Real Estate Credit Strategies provided the $141.1 million loan. Additionally, Koch Real Estate Investments, the real estate arm of Koch Industries, joined on as GBT’s limited partner.
Large Office Project in Downtown Nashville Secures Nine-Figure Construction Loan
CoStar Insight: One22One Adding to An Already Bustling Construction Pipeline Across The Music City
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