Moda Snags $49M Construction for Nashville BTR Development

Moda Homes obtained a $49.43 million construction loan for Moda Vista, a 102-unit build-to-rent residential community located at 3320 Curtis Street in the Bordeaux neighborhood of Nashville, Tennessee, north of downtown.

Forman Capital originated the loan. The Forman team included Scott Mehlman, Ty Regnier, Cameron Fleury, and Ben Jacobson.

Moda Vista will deliver 102 rental homes in one of Nashville’s emerging residential neighborhoods. Site clearing has commenced, though the project requires significant site work before vertical construction, which is not expected to begin until summer 2027.

Nashville’s build-to-rent sector has attracted substantial investor interest in recent years, driven by the city’s sustained population growth, a competitive for-sale housing market, and strong renter demand across all price points. The Bordeaux neighborhood, situated just north of downtown Nashville, has seen increasing development activity as renters seek alternatives to higher-cost submarkets closer to the urban core.

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