Concordia Properties Secures $26.9 Million Freddie Mac Loan For 226-Unit Multifamily Community In High Point NC

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.