NASHVILLE-Beech Street Capital has recently arranged $92.6 million in financing for Harbor Group International's acquisition of three multifamily properties in Music City. The apartment communities include Arbors at Brentwood Apartments, a 346-unit complex in Nashville; Cambridge at Hickory Hollow, a 360-unit property in Antioch; and Cherry Creek Apartments, a 627-unit complex in Hermitage.
Harbor Group seized the 1,333-unit portfolio from a subsidiary of Lehman Brothers. Beech Street arranged the seven-year Freddie Mac Capital Markets Execution loan through Meridian Capital Group LLC. For the full story, go to Commercial Property Executive .
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