EJF Capital, a global alternative asset management firm with approximately $5.6 billion of assets under management, and Chartwell Residential, a firm specializing in the development and construction of high-quality multifamily and single-family residential development projects, announced the close of an $80 million loan from Prime Finance for The Samara, a 377-unit, five-story multifamily property located in Nashville’s Metrocenter neighborhood.
The development includes studio and one- and two-bedroom units, with a resort-style pool, co-working lounge and a rooftop deck with city views.
“We are pleased to invest and develop much-needed housing in the attractive and growing Nashville Metrocenter submarket,” said Asheel Shah, senior managing director, head of real estate development at EJF. “With thousands of people moving to Nashville each month and strong demand for both housing and commercial space, the city continues to experience exceptional economic growth.
