Northmarq’s Debt + Equity team arranges refinance of IMT Germantown apartments in Nashville, TN

NASHVILLE, Tenn. — Northmarq’s Newport Beach Debt + Equity team led by Scott Botsford, Joe Giordani and Brendan Golding successfully arranged the refinance of IMT Germantown, a 276-unit midrise apartment community located at 1100 3rd Ave. N. in Nashville, Tennessee.

Northmarq arranged financing on behalf of the borrower, IMT Residential, through a relationship with a national life insurance company. It was a full-term interest only transaction.

“Due to the property’s lease-up status, agency execution was not an option,” Botsford said. “Based on our experience, we advised the client that permanent fixed rate - agency-like execution was still available in the LifeCo market, low-100s spread and full-term interest-only at the requested loan amount, and we delivered accordingly.”

Built in 2016, IMT Germantown offers studio, one- and two-bedroom floorplans with stainless steel appliances, quartz countertops, in-home washer and dryer, custom cabinetry, Nest thermostats, spacious walk-in closets, and custom cabinetry.

Community amenities include a rooftop sky lounge entertainment venue, resort-style salt water pool with expansive lounge deck, songwriter’s room, cardio and weight training equipment, outdoor courtyard with grilling access, on-site restaurant, meeting and conference space, pet park and pet washing station, and a complimentary bike share program.

IMT Germantown is located in Nashville’s historic Germantown district, with vibrant entertainment options and restaurants just minutes away. Residents can enjoy elegant boutique and chic restaurants that line the Germantown streets. It sits just across the Cumberland River from access to Interstate 24 and is roughly a mile away from downtown Nashville.