Newmark introduced that the corporate has organized a $51 million mortgage on behalf of the Virgin Group to refinance Virgin Motels Nashville, a way of life lodge situated in Nashville, Tennessee. Newmark’s International Debt & Structured Finance staff, led by Jordan Roeschlaub, co-president, alongside Vice Chairman Nick Scribani, Managing Director Tyler Dumon, Affiliate Director Holden Witkoff, and Affiliate Tate Keir, secured the financing by means of Apollo.
Positioned in Nashville’s Music Row, the lodge advantages from proximity to The Gulch, Downtown Nashville, and Vanderbilt College. Opened in July 2020, Virgin Motels Nashville has a group of meals and beverage ideas, together with a rooftop bar, a speakeasy, and a signature restaurant with out of doors area. The property additionally presents a rooftop pool with non-public cabanas, a health heart, and greater than 15,000 sq. ft of assembly and occasion area.
Branded inside the Virgin Motels portfolio, the asset represents one of many model’s flagship properties in the US.
