BETHESDA, Md.--(BUSINESS WIRE)--Mar 19, 2025--
Walker & Dunlop, Inc. announced today that it arranged a $253 million construction loan to facilitate the development of the Pendry Nashville and Pendry Residences Nashville a soon to be 30-story hotel condominium tower located in Nashville's rapidly growing Paseo South Gulch district.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250319584769/en/
The Walker & Dunlop New York Capital Markets team, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Sean Bastian and Jackson Irwin arranged the construction financing on behalf of SomeraRoad and Trestle Studio. Bank OZK and InterVest Capital Partners provided the financing package.
Jay Morrow and Carter Gradwell of the Walker & Dunlop Hospitality team advised SomeraRoad throughout the process, working in collaboration with the New York Capital Markets team.
As Phase 3 of the Paseo South Gulch master-planned micro-neighborhood by SomeraRoad, the Pendry Nashville Hotel & Residences will feature 180 hotel keys and 146 Pendry-branded luxury condominiums. Upon completion, the development will offer a wide range of amenities, a variety of upscale food and beverage outlets, curated event spaces, and individual pools for both hotel guests and residents, among other offerings.
“Having worked with SomeraRoad to capitalize prior phases of their Paseo South Gulch master-planned development, we are firm believers in their long-term vision for the neighborhood,” said Aaron Appel, senior managing director and co-head of New York Capital Markets at Walker & Dunlop. “In a market where more and more capital providers are shying away from complex mixed-use developments, this transaction highlights the availability of liquidity for qualified Sponsors with unique projects.”
The project is expected to break ground immediately with opening scheduled for 2027.
In 2024, Walker & Dunlop’s Capital Markets team sourced over $16 billion from non-Agency capital providers. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
Photo Credits: SomeraRoad
After years of preparation, a supersized World Cup has finally arrived.
This year's tournament — which is hosted by the U.S., Canada and Mexico — was expanded to 48 teams that will play in 16 stadiums in a record 104 matches over the 39-day tournament.
Mexico gets the World Cup started Thursday and will be a heavy favorite when it hosts South Africa in Mexico City. The second game of the day will be between South Korea and the Czech Republic in Guadalajara, Mexico. All four teams are part of Group A.
Canada and the United States will host their first games Friday. The Canadians will play Bosnia-Herzegovina in Toronto while the Americans face Paraguay in Inglewood, California.
Fox is the exclusive U.S. broadcaster of the World Cup with all 104 matches in English on Fox or FS1. All matches are also available on the Fox One app. Telemundo and Universo will broadcast all of the matches in Spanish. Peacock is the streaming home for Spanish language broadcasts while Telemundo also has an app that includes all the matches.
Boosted by a home crowd and a star-studded opening ceremony with performances that include Andrea Bocelli and homegrown talent like Alejandro Fernández and Maná, Mexico hopes to play better in this World Cup than in 2022, when it failed to advance out of the group stage for the first time since 1978. El Tri will be led by veteran Raúl Jiménez and 17-year-old midfielder Gilberto Mora. Goalkeeper Guillermo Ochoa will be competing in the World Cup for a record sixth time. South Africa is playing in its fourth World Cup and first since it hosted the tournament in 2010.
The games in Mexico will be played at high elevation. The Azteca stadium in Mexico City is at roughly 7,300 feet while Guadalajara sits at 5,138 feet, meaning visiting teams will have to make a significant adjustment to the altitude.
South Korea is one of the best teams in Asia and has qualified for 11 tournaments in a row since 1986. The Koreans made it to the round of 16 in 2022 before losing to Brazil. Son Hueng-min, 33, is the captain and might be playing in his last World Cup. The Czech Republic is back in soccer's biggest showcase for the first time in 20 years.
FIFA has faced pressure for sky-high World Cup ticket prices and sales tactics that fans say left them with worse deals than they wanted.
The attorneys general in New York and New Jersey, which is hosting eight World Cup matches including the final, announced last month that they are investigating whether FIFA’s ticketing practices violated consumer protection laws.
Some seats for the July 19 final are going for nearly $33,000.
In the deeply polarized U.S., few things unite elected leaders outside the White House quite like skepticism of Gianni Infantino and FIFA, the governing body for the world’s most popular sport.
It’s a sentiment that cuts across the divide and spans from Washington to state capitals and city halls.
There are mayors like Zohran Mamdani of New York and Karen Bass of Los Angeles, Democrats who’ve balked at ticket prices. Republican Sen. Todd Young of Indiana, who played Division 1 soccer at the U.S. Naval Academy, said FIFA has been “detached from regular people around the world.”
AP World Cup coverage: https://apnews.com/hub/fifa-world-cup
Qatar's Pedro Miguel, yells as he celebrates after teammate Qatar's Boualem Khoukhi, right scored his sides first goal during the World Cup Group B soccer match between Qatar and Switzerland in Santa Clara, Calif., near San Francisco, Saturday, June 13, 2026. (AP Photo/Eakin Howard)
Curaçao head coach Dick Advocaat looks on during a training for the national soccer team in Boca Raton, Fla., Tuesday, June 9, 2026, ahead of the World Cup soccer tournament. (AP Photo/Rebecca Blackwell)
Members of the Sweden national soccer warm up during a training session in Santiago Nuevo Leon, Mexico, Saturday, June 13, 2026, ahead of the FIFA World Cup soccer tournament. (AP Photo/Dolores Ochoa)
Japan's Yukinari Sugawara does a cartwheel before the start of a training session ahead of his team's FIFA World Cup soccer tournament Group F match against the Netherlands, Saturday, June 13, 2026, in Dallas. (AP Photo/Julio Cortez)
Dancers perform during the opening ceremony before the World Cup Group B soccer match between Canada and Bosnia, Friday, June 12, 2026, in Toronto. (Frank Gunn/The Canadian Press via AP)
Brazil goalkeeper Alisson Becker, right, makes a save against Morocco's Ayoub Amaimouni, center, during the World Cup Group C soccer match between Brazil and Morocco in East Rutherford, N.J., near New York, Saturday, June 13, 2026. (AP Photo/Petr David Josek)
Morocco goalkeeper Yassine Bounou (1) punches the ball away from Brazil's Gabriel Magalhaes (3) as Morocco's Ayyoub Bouaddi (6), Chadi Riad (18) and Issa Diop get in on the play during the World Cup Group C soccer match in East Rutherford, N.J., near New York, Saturday, June 13, 2026. (AP Photo/Matt Slocum)
Qatar's Mohamed Manai attempts to get the ball as Switzerland's Manuel Akanji defends during the World Cup Group B soccer match between Qatar and Switzerland in Santa Clara, Calif., near San Francisco, Saturday, June 13, 2026. (AP Photo/Eakin Howard)
Qatar's Pedro Miguel, yells as he celebrates after teammate Qatar's Boualem Khoukhi, scored his sides first goal during the World Cup Group B soccer match between Qatar and Switzerland in Santa Clara, Calif., near San Francisco, Saturday, June 13, 2026. (AP Photo/Eakin Howard)
Paraguay's Miguel Almiron reacts after the United States scored a third goal during the World Cup Group D soccer match in Inglewood, Calif., near Los Angeles, Friday, June 12, 2026. (AP Photo/Jae C. Hong)
Paraguay fans watch the World Cup Group D soccer match between the United States and Paraguay in Asuncion, Paraguay Friday, June 12, 2026. (AP Photo/Jorge Saenz)
United States celebrates after an own goal by Paraguay's Damian Bobadilla during the World Cup Group D soccer match in Inglewood, Calif., near Los Angeles, Friday, June 12, 2026. (AP Photo/Jayne Kamin-Oncea)
Paraguay's Junior Alonso, right, and United States' Sergino Dest battle for the ball during the World Cup Group D soccer match in Inglewood, Calif., near Los Angeles, Friday, June 12, 2026. (AP Photo/Andre Penner)
United States' Folarin Balogun (20) celebrates scoring his side's third goal against Paraguay with teamate Chris Richards during the World Cup Group D soccer match in Inglewood, Calif., near Los Angeles, Friday, June 12, 2026. (AP Photo/Andre Penner)
Canada goalkeeper Maxime Crepeau punches the ball clear as Bosnia's Tarik Muharemovic attempts to head the ball during the World Cup Group B soccer match between Canada and Bosnia in Toronto, Friday, June 12, 2026. (AP Photo/Stephanie Scarbrough)
Canada's Cyle Larin (9) celebrates after scoring his sides first goal of the game in the second half of the World Cup Group B soccer match between Canada and Bosnia, Friday, June 12, 2026, in Toronto. ( (AP Photo/Sam Balkansky)
Canada's Cyle Larin (9) celebrates with teammates Alistair Johnston (2) and Promise David (24) after scoring his sides first goal of the game in the second half of the World Cup Group B soccer match between Canada and Bosnia, Friday, June 12, 2026, in Toronto. (Frank Gunn/The Canadian Press via AP)
Bosnia's Jovo Lukic, left, celebrates after he scores the opening goal during the World Cup Group B soccer match between Canada and Bosnia in Toronto, Friday, June 12, 2026. (AP Photo/Stephanie Scarbrough)
Bosnia's Esmir Bajraktarevic, left vies for the ball with Canada's Richie Laryea during the World Cup Group B soccer match between Canada and Bosnia in Toronto, Friday, June 12, 2026. (AP Photo/Stephanie Scarbrough)
Czechia's Tomas Soucek celebrates a goal that was called back during the World Cup Group A soccer match against South Korea in Zapopan, near Guadalajara, Mexico, Thursday, June 11, 2026. (AP Photo/Dolores Ochoa)
South Korea's Seol Young-woo (22) celebrates with his team after a goal during the World Cup Group A soccer against Czechia in Zapopan, near Guadalajara, Mexico, Thursday, June 11, 2026. (AP Photo/Dolores Ochoa)
Mexico fans celebrate in the second half during the World Cup Group A soccer match between Mexico and South Africa in Mexico City, Thursday, June 11, 2026. (AP Photo/Eduardo Verdugo)
South Africa's Nkosinathi Sibisi, right, and Mexico's Raul Jimenez battle for the ball in the second half during the World Cup Group A soccer match between Mexico and South Africa in Mexico City, Thursday, June 11, 2026. (AP Photo/Eduardo Verdugo)
Mexico's Raul Jimenez hugs teammate Roberto Alvarado, right, after scoring his side's second goal during the World Cup Group A soccer match between Mexico and South Africa in Mexico City, Thursday, June 11, 2026. (AP Photo/Natacha Pisarenko)
Mexico's Raul Jimenez celebrates after scoring his side's second goal during the World Cup Group A soccer match between Mexico and South Africa in Mexico City, Thursday, June 11, 2026. (AP Photo/Natacha Pisarenko)
United States defender Chris Richards, front left, gives autographs to fans after the nationall team's first practice at its World Cup soccer tournament training base in Irvine, Calif., Monday, June 8, 2026. (AP Photo/Greg Beacham)
Canada's Cyle Larin speaks to media during a World Cup soccer training session in Toronto, Tuesday, June 9, 2026. (Sammy Kogan/The Canadian Press via AP)
People chant and cheer during a protest in reaction to FIFA's ban of Iran's pre-revolutionary flag inside World Cup stadiums Sunday, June 7, 2026, in Inglewood, Calif. (AP Photo/Benjamin Hanson)
Marktweg Street in The Hague, Netherlands, is decorated ahead of the start of the soccer World Cup, Tuesday, June 9, 2026. (AP Photo/Patrick Post)
A dancer performs along Reforma Avenue in Mexico City, Saturday, June 6, 2026 ahead of the FIFA World Cup. (AP Photo/Moises Castillo)
