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BWE, a national commercial and multifamily mortgage banking company, announced the closing of a $34,057,000 loan to refinance Bristol Park at Riverchase, a 300-unit apartment complex in Madison, Tennessee, part of the Nashville metropolitan area.

Charles DuBose, senior vice president in BWE’s Richmond, Virginia, office, and David Foulk, senior vice president in the DC office, originated the financing from Fannie Mae on behalf of GrayCo, a real estate investment firm focused on the multifamily sector in the Southeast. The loan has a seven-year term and interest-only payments for the life of the loan.