Northmarq Arranges $55M Refi on Charlotte Apartments

Northmarq secured a $55 million refinance of Lincoln at Dilworth, a 379-unit multifamily property in Charlotte, North Carolina. Built in 2018 and located at 905 Kenilworth Ave., Lincoln at Dilworth is conveniently located near Uptown Charlotte. The property boasts close proximity to four museums, Bank of America Stadium, Spectrum Center, Freedom Park and Elizabeth Park. 

A Northmarq team of Ernest DesRochers and Dylan Hamer arranged financing on behalf of the borrower, Lincoln Ventures LLC, through a correspondent relationship with Lincoln Financial Group. The permanent fixed loan was structured on a 4-year term.

Lincoln at Dilworth features studio, one- and two-bedroom units with options for a private patio or balcony.  Residents also have access to a rooftop lounge with stunning skyline views, a resort-style pool with aqua sundeck, a two-story fitness center, concierge services, a pet spa and bark yard, game room, covered outdoor kitchen/bar and TV lounge.