Madison Communities Closes $24.7M Loan for Build-to-Rent Townhomes in Nashville
Madison Communities, a vertically integrated multifamily development and operating platform of Madison Capital Group Holdings, has closed a $24.7 million construction loan to finance Madison Trinity, a build-to-rent townhome community at 325 W. Trinity Lane in Nashville, Tenn.
The property is owned by two retail funds: Madison Trinity Investors LLC, launched in December 2024 with an approximate $9 million fundraising target, and Madison Capital Multifamily Opportunity Fund LLC, launched in October 2021 with a maximum offering size of $80 million.
“Madison Communities has a strong platform and deep-rooted relationships with premier financial institutions,” said Ross Rabun, executive managing director. “In a capital-constrained environment, our ability to secure financing and move from planning to ‘shovels in the ground’ proves we have the right team and local expertise to execute at a high level. We are excited to move into the next phase of our first build-to-rent community.”
The 79 three-bedroom townhomes will feature private entrances, modern interior finishes and private, resident-exclusive outdoor spaces. The company said build-to-rent townhomes offer renters the space and privacy of a single-family home without the financial commitment of ownership, as rental demand continue to grow nationwide.
Located in East Nashville, Madison Trinity is near major employment centers, retail destinations and regional transportation corridors, positioning the community to serve professionals, families, and downsizing households.
“Madison Trinity is a natural extension of our development strategy in high-growth Sunbelt markets,” said McCarley Davis, president of Madison Communities. “Build-to-rent townhomes allow us to meet renter demand for space, privacy and quality while maintaining institutional standards of design and operations.”
Construction is expected to begin this month with completion anticipated in fall 2027. Upon delivery, the community will be managed by Madison Communities’ in-house operations team. Benco Construction, a subsidiary of Madison Capital Group Holdings, will serve as general contractor.
Madison Communities is a vertically integrated multifamily development and operations platform focused on developing, owning and operating high-quality apartment and build-to-rent communities across markets in the Southeastern United States. The platform includes 36 properties across six states, totaling more than 7,400 units.
Madison Capital Group Holdings, headquartered in Charlotte, N.C., is a vertically integrated real estate investment and development firm with approximately $4 billion in assets under management, that acquires, develops and operates multifamily, self-storage, recreational storage, marina, and commercial real estate assets nationwide.
Earlier this month, AltsWire reported that Madison Capital Group announced it was merging BlueGate Boat & RV Storage into the Go Store It Self Storage platform and launching Madison Marinas as a dedicated division to oversee the firm’s marina investments, aligning its recreational storage and marina businesses.
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