$19.985M financing secured for Charlotte-area multifamily community

• JLL Capital Markets arranged $19.985 million in acquisition financing for The Bridges of Cabarrus, a 144-unit, garden-style multifamily community in Kannapolis, North Carolina
• ESJ Capital Partners secured a fixed-rate loan through Pearlmark
• The property is strategically located less than one mile from I-85 with a 25-minute commute to Uptown Charlotte and benefits from significant corporate investments in Cabarrus County including Eli Lilly's $1 billion manufacturing campus

CHARLOTTE, Sept. 17, 2026 –  JLL Capital Markets announced today that it has arranged $19.985 million in acquisition financing for The Bridges of Cabarrus, a 144-unit garden-style multifamily community in Kannapolis, North Carolina.

JLL worked on behalf of ESJ Capital Partners and Rosa Beaulieu, to secure fixed-rate financing through Pearlmark.

The Bridges of Cabarrus is a 2021-vintage property offering one-, two-, and three-bedroom floor plans across six three-story buildings on a 15-acre site. The units feature SmartHome technology, granite countertops, stainless steel appliances and nine-foot ceilings, delivering above-average finishes for the Kannapolis submarket at accessible workforce-housing rents. The property currently operates at 97% occupancy.

The property is strategically located at 101 Three Mile Loop less than one mile from I-85 (88,000 vehicles per day), providing residents a 25-minute commute to Uptown Charlotte and placing the asset directly within the path of the Charlotte MSA's northward expansion. The location offers convenient access to Charlotte Douglas International Airport (54 million passengers annually) within 30 minutes and sits near major employment drivers including the NC Research Campus, Atrium Health Cabarrus, Amazon distribution facilities and the Haas F1 Team global headquarters.

Cabarrus County has emerged as a self-sustaining economic hub benefiting from billions in recent corporate investments. Eli Lilly recently announced a $1 billion, 700,000-square-foot pharmaceutical manufacturing campus creating nearly 600 high-wage jobs, while Red Bull and Rauch Manufacturing invested $740 million in a 2.2 million-square-foot campus, one of the largest manufacturing investments in North Carolina history. The NC Research Campus, a 350-acre life sciences hub, employs over 1,000 professionals focused on health and nutrition innovation.

The Charlotte MSA remains one of the nation's most dynamic metropolitan areas, ranking third in the U.S. for annual population growth with a metro population of 2.8 million. The region posted 1.46% year-over-year job growth, significantly outpacing the national average of 0.06%, and ranks as a top-five market for net in-migration according to the U-Haul Growth Index.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Brian Gaswirth and Director Brad Woolard, along with Analyst Luke Maganas.

"The Bridges of Cabarrus represents a compelling combination of high-quality 2021 vintage construction, strong occupancy fundamentals and immediate proximity to one of the nation's fastest-growing employment corridors," Gaswirth said. "The fixed-rate loan structure provided the borrower with surety while closing with rising interest rates while also allowing for prepayment flexibility once the value-add business plan is completed.”

including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

ESJ Capital Partners is a management-owned, vertically integrated real estate investment firm founded in 2008 and headquartered in Aventura, Florida with a regulated fund platform in Luxembourg. The firm has completed over $1.2 billion in transaction volume across 70 acquired projects, with $200 million-plus in equity under management and a 12% average IRR across 54 realized projects. ESJ focuses on the $20 million to $100 million middle-market segment, with 87% of deals sourced off-market or with limited competition.

Pearlmark is a Chicago-based investment firm that targets domestic core-plus to value-add real estate opportunities via commingled funds, separate accounts, and joint venture structures. Since 1996, the Pearlmark team has sponsored more than 15 real estate equity and debt investment programs and completed 613 real estate equity and debt transactions on behalf of investors, representing $6.3 billion in equity capital commitments, $14.7 billion in gross investment value, and 188 originated loans aggregating over $2.6 billion in commitments. Pearlmark is dedicated to creating value for its investors and offers a range of investment opportunities nationwide across various property types (primarily industrial and multifamily). For more information, please visit https://www.pearlmark.com.