Music Row Apartment Owners Score Refi

Knighthead Funding in partnership with Speedwagon Capital Partners arranged a $27 million refinancing for Signature Music Row – a newly constructed 105-unit Class A multifamily property located at 1005 16th Avenue South in Nashville, Tennessee.

Preiss utilized the loan to refinance its construction loan. Preiss is a privately held student housing owner, developer, and operator. Located in Nashville’s Music Row neighborhood, the apartment complex is near Vanderbilt University, which is within walking distance.

Situated on a 0.64-acre site, the six-story midrise property features a mix of studio, one-, two- and three-bedroom apartment homes, as well as townhomes. Residences have private patios or balconies.

Amenities include an elevated outdoor pool, an outdoor grilling area, a resident clubroom, a sixth-floor sky lounge, and a fitness center. The property also includes a ground-level retail space occupied by Silver Fox Coffee Lounge.