Northmarq arranges sale, financing for Provenza at Indian Trail apartment community

INDIAN TRAIL, N.C. — Northmarq’s Charlotte Multifamily Investment Sales team led by Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson in collaboration with its Mid Atlantic Debt + Equity team led by Faron Thompson, Grant Harris and Cabell Thomas, successfully arranged the sale and acquisition financing of Provenza at Indian Trail, a 204-unit garden apartment located at 1021 Glenn Valley Ln in Indian Trail, North Carolina.

Northmarq represented the seller, Momentum Real Estate Partners. The buyer was Beach Real Estate Funds, a division of The Beach Company.

"Provenza at Indian Trail was one of the Carolinas’ most compelling 2025 acquisition opportunities, combining a high-barrier, affluent location with proven performance and light value-add upside,” Howard said. “Momentum Real Estate Partners’ exceptional stewardship and collaborative approach drove a successful outcome for all parties.”

Northmarq arranged the permanent-fixed financing on behalf of the borrower, The Beach Co, through the firm’s in-house Fannie Mae DUS platform. The transaction was structured on a seven-year term.

"Provenza’s exceptional quality and compelling economics coupled with outstanding Sponsorship made this a particularly rewarding Fannie Mae execution,” Thomas said. “A phenomenal effort from all parties involved to initiate a streamlined rate lock early in the process helped contribute to even more favorable terms on top of the full-term interest-only loan. Provenza represents our team's second acquisition financing arranged for Beach Company within the last year and we are thrilled to work alongside an extraordinary in-house DUS platform and multifamily investment sales team."

Built in 2017, Provenza at Indian Trail features 10 three-story buildings on 16.89 acres. Floorplans feature one-, two- and three-bedroom units with 42-inch cabinets, accent mirrors, washer and dryers in each home, granite countertops, a private balcony or patio, stainless steel appliances and walk-in closets.

Community amenities feature gas grills, an off-leash dog park, swimming pool and lounge deck, 24-hour fitness center with towel service, apartment homes surrounded by walking trails and a pond, computer lounge, clubroom with gourmet coffee station, and nearby walking trails.

Neighborhood perks include nearby shopping centers like Windsor Square and SouthPark, grocery stores like Whole Foods Market and Costco Wholesale, dining, cultural and artistic activities, museums, and major highway access including Interstate 485, Independence Freeway and Monroe Expressway. It is 16 miles southeast of Uptown Charlotte.