Concordia Properties Acquires Multifamily Property In Norfolk, VA For $13.6M Loan

The multifamily property located at 7004 Northgate Dr. in Norfolk, VA has been involved in a closed transaction. The property has a square footage of 114,300 and is owned by Concordia Properties. The transaction was facilitated by broker Steven Vegh from Westwood Realty Associates. The loan obtained for this transaction was a bridge loan with an amount of $13,600,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,600,000
• Address: 7004 Northgate Dr., Norfolk, VA
• Market: Norfolk, VA
• Asset Type: Multifamily
• Square Footage: 114,300
• Landlord: Concordia Properties
• Broker: Steven Vegh - Westwood Realty Associates
• Loan Type: Bridge

The involvement of Steven Vegh from Westwood Realty Associates as the broker represents the parties in the transaction. This transaction took place on 04/11/2022.