Vastland obtains $130 million construction loan for VOCE Hotel & Residences

Vastland Company, a Nashville-based real estate developer led by Mack McClung, has obtained a $130 million (€111.6 million) construction loan for its inaugural VOCE Hotel & Residences in Midtown Nashville.

The 25-story mixed-use development will include 192 private residences, 114 hotel suites, 60,000 square feet of boutique office space, and over 40,000 square feet of resort-style amenities.

The financing was provided by Peachtree Group, an Atlanta-based investment firm, with BayBridge Real Estate Capital acting as Vastland’s capital market broker. McClung said: “There has never been a project like VOCE in Nashville, and the city is the ideal first market to introduce the VOCE brand to the world.”

He added: “This $130 million (€111.6 million) loan from Peachtree Group reflects the strong confidence that one of the Southeast’s most respected real estate lenders has in our vision, execution capabilities, and the VOCE concept. Upon completion, the project represents a total sellout value of $360 million (€309.1 million).”

Construction will be led by BL Harbert International and managed by Vastland, with a planned completion in Fall 2027. Other key partners include The Preston Partnership (architectural design), ID & Design International, Restoration Hardware Design, Civil Site Design Group, and HDLA (landscape architecture). Residences sales are led by Vastland principal broker Christy Frewin.

The project has already sold more than 50% of its residences, allowing for favourable financing terms and ensuring the hotel will operate debt-free upon opening. Unique to VOCE, each residence can participate in a professionally managed four-star hotel program generating recurring cash flow and tax advantages.

McClung added that the VOCE Nashville project sets the blueprint for future locations across the United States and internationally, targeting high-demand urban markets.

Access the full article for a detailed look at VOCE Hotel & Residences’ construction and financing strategy.