Helaba Secured Bridge Loan for Modera Riverview
The Nashville apartment complex received $105 million in financing to refinance its previous construction debt.
Updated on Oct. 1, 2026 in Commercial
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Helaba provided a $105 million bridge loan to a joint venture of CrossHarbor Capital Partners and Mill Creek Residential. This financing replaces a previous $103 million construction loan for the Modera Riverview apartment complex.
Why it matters
The deal signals continued investor confidence in Nashville as a high-momentum market for multifamily operators. Lenders opted to back the development specifically due to the expertise of the property owners.
Located at 1410 Adams Street, the development spans 400 residential units and 13,998 square feet of retail space. This retail area is currently 100 percent leased to tenants Legacy Fitness and Indaco.
The players
Helaba
Helaba is a German commercial bank that provides financial services and real estate lending to institutional clients.
CrossHarbor Capital Partners
CrossHarbor Capital Partners is an investment management firm specializing in real estate and private equity.
Mill Creek Residential
Mill Creek Residential is a national multifamily developer and property management company that focuses on apartment community operations.
The details
CrossHarbor Capital Partners and Mill Creek Residential secured the takeout financing for the property in the Germantown neighborhood. The site sits near the west shore of the Cumberland River, roughly two miles north of Downtown Nashville.
Timeline
The Modera Riverview property debuted in 2024.
Helaba provided the bridge loan on October 1, 2026.
Culture Shift
This financing reflects a broader shift toward urban infill development near central business districts. By securing long-term capital for established properties, investors are betting on the sustained migration of residents toward city centers and riverfront residential corridors.
The full occupancy of the ground-floor retail space indicates stabilized access to fitness and dining options for neighborhood residents. The infusion of capital ensures that the property maintains its operations and service levels for its 400 residential units.
The takeaway
The successful refinancing of this complex highlights the importance of market location when securing high-value debt. Investors looking at commercial properties should prioritize developments that maintain full retail occupancy and proximity to city centers.
Further reading
For additional context on local property trends, visit the Nashville Commercial section.
Source note: This article includes information reported by Commercial Observer.
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