The Nashville Business Journal is reporting high-rise condo, Rhythm at Music Row, is heading toward bank control as its developer plans to file “friendly foreclosure.”
According to the article, the developer, Rhythm Partners, LLC, which developed the 14-story condo building, will file a “quit-claim deed that would convey any rights or interests in the Rhythm’s 43 unsold units back to the project’s lender.” For the complete story, visit the Nashville Business Journal website.
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Category: Featured, Financial/Legal
About the Author
Sherod Robertson is President and Owner of MusicRow Enterprises. He oversees all operations and develops strategic initiatives for MusicRow magazine, RowFax, and MusicRow's CountryBreakout chart. Robertson previously served as Director of Finance of Arista Records after beginning his career as Vice President of Finance and CFO at Reunion Records.View Author Profile
