Inwood Holdings buys 232-unit, Braxton at Lake Norman, Charlotte-area asset for $55M ($237,069/unit) with loan assumption

8/22/2024

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MHN

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Loan Assumption, Sale: Investment, Sale: Single Property

Inwood Holdings LLC has paid $55 million for Braxton at Lake Norman, a 232-unit multifamily property in Mooresville, N.C. Passive Investing sold the luxury asset in a deal brokered by Northmarq. The buyer also assumed the outstanding balance of a $34.9 million Freddie Mac loan, public records show. Holder of Bank of America Merrill Lynch originated the acquisition note.