SomeraRoad and Trestle Studio has secured a $253 million construction loan to facilitate the development of the Pendry Nashville and Pendry Residences Nashville, a soon-to-be built, 30-story hotel-condominium tower located in Nashville’s Paseo South Gulch district.
The Walker & Dunlop New York Capital Markets team arranged the construction financing on behalf of SomeraRoad and Trestle Studio. Bank OZK and InterVest Capital Partners provided the financing package. Walker & Dunlop Hospitality team advised SomeraRoad throughout the process, working in collaboration with the New York Capital Markets team.
As Phase 3 of the Paseo South Gulch master-planned micro-neighborhood by SomeraRoad, the Pendry Nashville Hotel & Residences will feature 180 hotel keys and 146 Pendry-branded luxury condominiums. Upon completion, the development will offer a wide range of amenities, a variety of upscale food and beverage outlets, curated event spaces, and individual pools f
