Walker & Dunlop announced it arranged $42 million to refinance The Mill at White House, a luxury multifamily development located in the Nashville suburb of White House, Tenn.
Walker & Dunlop provided the financing from an institutional lender and refinanced the property’s capital stack with a bridge loan.
The refinancing comes as the property has been delivered and is finalizing lease-up on its way to stabilization, allowing the firm to advise on predevelopment strategies through the asset’s disposition.
Situated on a highly trafficked suburban corridor in a supply-constrained market, The Mill offers visibility and access to key amenities. The property is located north of downtown Nashville, close to major retail, dining and shopping along Interstate 65. Residents have access to Nashville’s employment centers and entertainment.
