Northmarq arranges sale, acquisition financing for Taylor Farms apartments in Charlotte, NC

CHARLOTTE, N.C. (Feb. 18, 2025) — Northmarq’s Carolinas Multifamily Investment Sales team led by John Currin, Andrea Howard, Jeff Glenn, Allan Lynch, Caylor Mark and Austin Jackson successfully completed the sale of Taylor Farms, a 276-unit luxury multifamily housing community located at 2311 Odell School Rd in Charlotte, North Carolina.

Northmarq represented the seller, Mallard Creek Charlotte NC, LLC. Thompson Thrift, a full-service nationally recognized real estate company, was the developer. The buyer was Atlanta- based Mesa Capital Partners.

“Taylor Farms was one of Charlotte’s most competitive 2024 marketing campaigns due to Thompson Thrift’s strong national reputation as a high-quality developer and the outperformance of Northeast Charlotte as an economic growth center,” said Currin.

Northmarq’s Carolinas Debt + Equity team Faron Thompson, Grant Harris and Cabell Thomas collaborated on the deal, arranging acquisition financing for Mesa Capital Partners through its in-house Fannie Mae DUS platform. The permanent fixed loan was structured on a five-year term.

“The Agencies continue their streak of aggressiveness late in the year as they round out their portfolio with newer vintage real estate. As a repeat sponsor, Mesa Capital Partners was able to benefit from this trend,” said Harris.

Built in 2023 and featuring one-, two- and three-bedroom floorplans, Taylor Farms offers a wealth of high-end amenities. Its Signature Collection apartment homes include upgraded finishes, architectural details and deluxe finishes including premium quartz countertops, premium kitchen hardware, premium lighting throughout including under cabinet lighting, a walk-in shower with full tile surround and glass doors, and a deluxe closet system with shelving.

Community amenities include a resort-style heated swimming pool, spa, hot tub, detached garages for rent, 24/7 fully-equipped fitness center, grilling and picnic area, outdoor kitchen, four-seasons room with fireplace and TV lounge, 24/7 residential social club, free printing, billiards, a courtyard, bean-to-cup style coffee bar, on-site management and maintenance, and more. It is pet friendly with a dog park and a pet spa and a grooming area.

Taylor Farms boasts a location near local attractions like Charlotte Motor Speedway and PNC Music Pavilion. Located near Mallard Creek and Concord Mills Blvd, the community is within close proximity of major employers including Amazon and the University of North Carolina Charlotte. Residents enjoy nearby retail, grocery stores, and entertainment.