Manhattan-based MetLife Real Estate Investments has placed a $100 million first mortgage on a Nashville, Tenn.-area mall. The borrower is Davis Street Land Company of Tennessee, LLC.
The five-year, fixed rate mortgage will be used to expand the 644,000 sq. ft. Mall at Green Hills by an additional 90,000 sq. ft.
Once the expansion is completed this fall, MetLife will then loan Davis Street Properties an additional $25 million.