Arrow Lands $23.6M Loan for Mira Music Row
Arrow Real Estate Advisors arranged construction financing for a 25-unit luxury condominium project on Nashville's Music Row.
Updated on Nov. 5, 2026 in Construction
Arrow Real Estate Advisors arranged a $23.6 million construction loan from Urban Standard Capital for Mira Music Row, a boutique luxury condominium project at 1100-1102 16th Avenue South in Nashville, with the loan closing on September 29, 2026.
Why it matters
The financing supports a six-story, 25-residence project of roughly 75,000 square feet on Music Row, adding to the neighborhood's residential development pipeline. The sponsor, Eimi Norse, LLC, had already begun demolition and foundation work before the loan closed.
The $23.6 million loan compares with a $3 million property purchase made in February 2025, and the source does not report the per-unit cost or sale prices for the 25 residences. Anticipated completion in the third quarter of 2027 and full sellout in the fourth quarter of 2028 remain projections.
The players
Arrow Real Estate Advisors
A commercial real estate firm that arranged the construction financing for the Mira Music Row project.
Urban Standard Capital
The lender that provided the $23.6 million construction loan for the Mira Music Row condominium project.
Eimi Norse, LLC
A Nashville-based developer affiliated with Geofferson & Co. that serves as the project sponsor for Mira Music Row.
The details
The sponsor, Eimi Norse, LLC, affiliated with Geofferson & Co., commenced demolition and foundation work before the financing closed. Arrow's team of Morris Betesh, Justin Boruchov, Louis Halperin and Zach Strauss sought a capital partner familiar with the neighborhood's luxury positioning, and the sponsor previously completed and sold out a smaller nearby residential project.
Timeline
February 2025: Sponsor acquires the property for $3 million.
September 29, 2026: Construction loan closes.
Third quarter 2027: Completion anticipated.
Fourth quarter 2028: Full sellout targeted.
Market Landscape
The project extends the sponsor's record of completing and selling out a smaller nearby residential development into a larger six-story luxury condominium on Music Row. It adds another luxury residential project to a corridor where developers are competing to serve buyers seeking high-end urban housing.
For residents and buyers, the project signals future luxury condominium supply on Music Row, though pricing and availability have not been announced in the source. Neighbors may experience construction activity as vertical work is expected to follow.
The takeaway
Developers with a proven local track record can attract lenders that understand neighborhood-specific luxury positioning, which may shape how future Music Row projects are financed.
Further reading
Explore more Nashville construction coverage to see other development projects shaping the city.
Source note: This article includes information reported by NYREJ.
