NASHVILLE, TN. — June 19, 2026 — Forman Capital, a leading private direct commercial real estate lender, closed 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.
Residential developer Moda Homes is the borrower. This transaction marks a new relationship between Moda Homes and Forman Capital.
The Forman Capital origination team that worked on the transaction included Scott Mehlman, Ty Regnier, Cameron Fleury, and Ben Jacobson.
Moda Vista will deliver 102 purpose-built rental homes in one of Nashville's emerging residential neighborhoods. Site clearing has commenced, though the project requires a significant amount of site work prior to vertical construction, which is not expected to begin until summer 2027.
“Nashville continues to be one of the most dynamic residential markets in the country, and Moda Vista is well-suited to meet genuine demand from renters who want the feel of a single-family home without the barriers of homeownership,” said Scott Mehlman, Forman Capital Partner and Chief Investment Officer. “We are excited to welcome Moda Homes as a new partner and look forward to supporting their vision for this community.”
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.
“Build-to-rent is a product type we have strong conviction in, particularly in high-growth Sun Belt markets like Nashville,” said Brett Forman, Forman Capital Managing Partner. “Moda Vista checks the right boxes in terms of location, demand fundamentals, and sponsorship, and we are proud to help bring this community to life for future residents.”
Delray Beach, Florida-based Forman Capital provides private commercial real estate debt and equity financing for transactions ranging from $10 million to $100 million. The firm focuses on short-term construction financing, mezzanine debt, and preferred equity across various real estate asset classes and geographies. Company principals Brett Forman and Ben Jacobson have closed more than $3 billion in commercial real estate transactions since 2004. For more information, visit www.formancap.com.
BoardroomPR
Todd Templin, ttemplin@boardroompr.com
Eric Kalis, ekalis@boardroompr.com
Phone: 954-370-8999
Source: Forman Capital.
