Updated Mar 4, 2026
Concordia Properties Secures $16.8M Financing For Multifamily Property In Burlington, NC
1515 South Mebane Street, Burlington, North Carolina 27215, United States
$16,820,000
$137/SF
Building Size
122,500 SF
Asset Type
MultiFamily
Closing
Feb 23, 2022
About this deal
AI
1515 S Mebane St. in Burlington, NC is a multifamily property with a total square footage of 122,500 and consists of 144 units. The property was recently involved in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,820,000
- Market: Burlington, NC
The landlord of 1515 S Mebane St. is Concordia Properties. The transaction was facilitated by Steven Vegh of Westwood Realty Associates, who represented the parties involved in the deal. The loan for the transaction was a financing type, amounting to $16,820,000.
Players
Burlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93