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ESJ Inks Acquisition Loan for 144-Unit Kannapolis Rental Asset
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ESJ Inks Acquisition Loan for 144-Unit Kannapolis Rental Asset
ESJ Partners utilized a $19.9 million loan to finance the acquisition of The Bridges of Cabarrus, a 2021-vintage garden-style multifamily community comprising 144 units across seven three-story buildings in Kannapolis, North Carolina. The property sold for $29.5 million. Pickering & Co. was the seller. The loan was originated and structured on behalf of Pearlmark Realty Senior ...
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