CONCORD APT COMMUNITY REFINANCED

CONCORD, N.C. — NorthMarq Capital has secured $14 million in Freddie Mac financing for Cloister of Concord, a 360-unit apartment community located at 843 Devonshire Drive in Concord. The first mortgage carries a 10-year term and a 30-year amortization schedule. Bill Matone of NorthMarq's Charlotte office secured the funds on behalf of the undisclosed borrower.