Northmarq has successfully secured a $55 million refinancing deal for Lincoln at Dilworth, a 379-unit multifamily property in Charlotte, North Carolina. This modern complex was built in 2018 and is conveniently situated at 905 Kenilworth Ave., just minutes away from Uptown Charlotte. Its prime location offers easy access to four museums, Bank of America Stadium, Spectrum Center, Freedom Park and Elizabeth Park.
The financing was arranged by the experienced team of Ernest DesRochers and Dylan Hamer from Northmarq on behalf of the borrower, Lincoln Ventures LLC. The loan was structured as a permanent fixed loan with a term of four years through their correspondent relationship with Lincoln Financial Group.
Lincoln at Dilworth offers residents studio, one- and two-bedroom units that can be customized with private patios or balconies. In addition to these stylish living spaces, tenants can also enjoy luxurious amenities such as a rooftop lounge offering breathtaking skyline views; an inviting resort-style pool area complete with an aqua sundeck; state-of-the-art fitness center spanning two floors; concierge services for added convenience; pet-friendly facilities including spa services and bark yard play area; game room for entertainment purposes; covered outdoor kitchen/bar perfect for hosting gatherings or events ;and TV lounge ideal for relaxation after a long day.
This successful refinancing deal highlights Northmarq’s expertise in securing favorable financing options through strong relationships within the industry.
