EJF Capital Closes On $80 Million Loan to Support Nashville Multifamily Property in Qualified Opportunity Zone

ARLINGTON, Va.--(BUSINESS WIRE)--EJF Capital LLC (“EJF”), a global alternative asset management firm with approximately $5.6 billion of assets under management, and Chartwell Residential (“Chartwell”), a firm specializing in the development and construction of high-quality multi-family and single-family residential development projects, today announced the close of an $80 million loan from Prime Finance for The Samara, a 377-unit, 5-story multifamily property located in Nashville’s Metrocenter neighborhood.

Nashville’s Metrocenter has become a burgeoning multifamily housing submarket, with proximity to employment in greater downtown Nashville. The development includes studio, 1-, and 2-bedroom units, with a resort-style pool, co-working lounge, and a rooftop deck with city views.

“We are pleased to invest and develop much needed housing in the attractive and growing Nashville Metrocenter submarket,” said Asheel Shah, Senior Managing Director, Head of Real Estate Development at EJF. “With thousands of people moving to Nashville each month and strong demand for both housing and commercial space, the city continues to experience exceptional economic growth. We are excited to contribute to this momentum through thoughtful, long-term investment that supports the community’s continued expansion and vitality.”

QOZs offer investors potential tax benefits to invest in specific neighborhoods with the aim of spurring economic growth in lower income areas. Certified under the Tax Cuts and Jobs Act of 2017 (“TCJA”), QOZs are located across all U.S. states and territories and designated by local and regional governments. EJF is an established QOZ investor, with a track record investing in over 24 multifamily and commercial developments of multi-family residential and industrial development projects in zones in the United States since 2018.

CBRE’s Nashville Debt & Structured Finance team of KO Kennedy, Cliff Joyner, David Zimmerman, William Bould, and Troy Allen arranged the transaction.

About EJF Capital
EJF Capital LLC is a global alternative asset management firm headquartered just outside of Washington, D.C., with an additional office in London. As of September 30, 2025, EJF manages approximately $5.6 billion, including $3.0 billion in CDO assets through affiliates. Since its founding in 2005 by Manny Friedman and Neal Wilson, the firm has focused on investment opportunities driven by regulatory change. EJF’s real estate platform, launched in 2018, focuses on ground up development of multifamily and industrial properties and currently includes over $1.3 billion in active projects. To learn more, please visit http://ejfopzone.com and please read additional Risks and Limitations located here.