Pearlmark Closes on Senior Mortgage Loan for The Bridges of Cabarrus

Chicago, IL (September 4, 2026) - Pearlmark announced that it closed on a $19.9 million debt investment to finance the acquisition of The Bridges of Cabarrus, a 2021-vintage, garden-style multifamily community that comprises 144 units across seven three-story buildings located in Kannapolis, North Carolina.

The investment was originated and structured on behalf of Pearlmark Realty Senior Mortgage Partners I, L.P. ("PRSM") The property was acquired by ESJ Capital Partners. ESJ Capital Partners is a vertically integrated real estate investment firm with a focus on middle-market investments, with over 50 realized transactions representing more than $280 million in total equity.

The Bridges at Cabarrus features amenities such as a clubhouse, fitness center, pool, and 294 parking spaces. The property is in Cabarrus County, approximately 25 miles from Uptown Charlotte. The submarket benefits from proximity to several demand drivers, including Atrium Health Cabarrus, Eli Lilly's manufacturing facility, the Red Bull/Rauch manufacturing campus, the NC Research Campus and an Amazon Fulfillment Center.

Brian Johnson, Senior Vice President of Pearlmark, led the transaction and remarked, "Pearlmark is thrilled to provide fixed-rate, senior mortgage financing for The Bridges of Cabarrus. This investment exemplifies PRSM's mandate for well-located assets with strong sponsorship."

Doug Lyons, Managing Principal and Head of Debt Investments for Pearlmark, further commented, "Pearlmark's senior lending can provide both fixed and floating rate loan solutions for existing assets that are stabilized or value-add, as well as for new construction. Fixed-rate loans can provide for flexible pre-pay as was evident for The Bridges."

About Pearlmark

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.