Walker & Dunlop, Inc. arranged $105 million in loan proceeds to refinance 805 Lea, a 356-unit, Class-A high-rise mixed-use property in Nashville, Tennessee.
Walker & Dunlop’s Real Estate Finance Senior Managing Director Stephen Farnsworth and his team arranged the loan on behalf of Key Real Estate Company. The financing, provided by Nuveen (a TIAA company), includes a three-year term with two optional 12-month extensions.
Built in 2021, 805 Lea is a 356-unit high-rise apartment community located on 0.691 acres in the heart of downtown Nashville. The property includes 10,203 square feet of ground-floor retail across three suites. Residents at 805 Lea enjoy a full suite of luxury amenities, including 24-hour concierge service, a 29th-floor sky lounge, a saltwater swimming pool, a state-of-the-art fitness center, two outdoor fire pits, and more.
Ideally located between the Gulch and SoBro neighborhoods, 805 Lea offers residents walkable access to Nashville’s top dining, entertainment, and employment hubs. Positioned at the edge of the Central Business District and next to Music City Center, the property places over 10,000 jobs within walking distance. Just blocks from Broadway, Whole Foods, and the CMA Theater, it is steps away from some of the city’s most popular restaurants and cultural attractions.
