In Brief: A forthcoming mixed-use development in Nashville, blending hotel and residential spaces, has successfully secured acquisition financing worth $15.5 million.
Marcus & Millichap’s IPA Capital Markets has arranged $15.5 million in acquisition financing for 319 Peabody Street in Nashville, where DAC Development plans to build a luxury hotel-and-residence tower.
IPA Capital Markets, a division of Marcus & Millichap, arranged $15.5 million in financing for the acquisition of 319 Peabody Street in Nashville, Tennessee. The financing team included Max Herzog and Andrew Cohen from New York, Gary Mozer and Lee Norman from Los Angeles, and Andrew Nesbitt from Nashville. Cerco Funding, a New York–based private equity firm, provided the financing on behalf of DAC Development, the project sponsor…