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