**Atlas Real Estate Partners Closes $63.4M Refinance of Nashville’s Standard Assembly**
Atlas Real Estate Partners has successfully refinanced Standard Assembly, a 310-unit mixed-use residential community located in the Wedgewood-Houston neighborhood of Nashville. The refinancing deal totaled $63.4 million and marks a significant milestone for the property, transitioning it from a construction loan with Principal Life Insurance to a five-year, fixed-rate Fannie Mae loan featuring full-term interest-only payments. This move positions the asset for enhanced long-term financial stability. At the time of refinancing, the development was 98% leased.
Standard Assembly comprises 310 residential units, including 11 live/work spaces, along with 12,400 square feet of ground-floor retail. The residences feature studio, one-bedroom, and two-bedroom layouts, characterized by high-end finishes, open-concept floor plans, and contemporary design elements.
Residents also enjoy an extensive amenity package, including a co-working space with private offices, a flexible indoor-outdoor fitness center, a resort-style pool, an oversized bicycle storage room, plus a dedicated dog park and pet spa.
The project was brought to life by a prominent team including Atlas Real Estate Partners, Wedgewood Avenue, Hy Ventures, Hardaway Construction, EOA Architects, MZA Architects, and property management from Greystar.
This refinancing represents a notable accomplishment for the development team and further supports the ongoing growth and transformation of the Wedgewood-Houston area.
