Updated Sep 10, 2025
Concordia Properties Secures $26.9 Million Freddie Mac Loan For 226-Unit Multifamily Community In High Point NC
2609 Suffolk Avenue
$26,900,000
Units
226
Asset Type
MultiFamily
Closing
Sep 8, 2025
About this deal
AI
The asset involved in this transaction is a 226-unit multifamily community located at 2609 Suffolk Avenue in High Point, NC. Concordia Properties secured a loan amounting to $26,900,000 through Arbor Realty Trust, with the financing set to mature in 2030.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,900,000
- Address: 2609 Suffolk Avenue
- Market: High Point, NC
- Units: 226
- Lender: Arbor Realty Trust
- Landlord: Concordia Properties
- Loan Maturity: 2030
Concordia Properties engaged Arbor Realty Trust to obtain financing for the property, marking a significant transaction within the multifamily real estate sector in High Point, North Carolina. The collaboration illustrates the ongoing investment in residential communities in the area.
On the Map
$26,900,000
MultiFamily
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Players
High Point 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93