Mesa Capital Partners Acquires 276-Unit Multifamily Property In Charlotte NC For $43.3M

The property involved in this transaction is a 276-unit multifamily asset located at 2311 Odell School Road in Charlotte, NC. Mesa Capital Partners acquired the property with a loan amount of $43,300,000, utilizing a Fannie Mae loan to finance the purchase. The multifamily property features various unit configurations including one- to three-bedroom options, along with amenities such as a pool, fitness center, and dog park.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,300,000
• Market: Charlotte, NC
• Lender: NorthMarq Capital Finance
• Landlord: Mesa Capital Partners
• Brokers: Allan Lynch, Andrea Howard, Austin Jackson, Caylor Mark, Jeff Glenn & John Currin - NorthMarq

The deal highlights the involvement of NorthMarq Capital Finance as the lender facilitating the transaction. Mesa Capital Partners, the acquiring entity, will have the property managed by Pegasus Residential. The brokers representing the transaction play a crucial role in navigating the acquisition process for Mesa Capital Partners.