(Philadelphia—July 19, 2022) The development team at Philadephia’s Northbank Community has launched a Builder Buy Down Program to assist buyers looking to purchase a new luxury townhome for a limited time.
The rising interest rates and economic challenges in today’s market have impacted buyers everywhere. Recognizing the unique challenges that consumers face today, the development team at Northbank is doing what they can to help buying a home more affordable. This incentive with a mortgage interest rate buy-down has been implemented to bring back some buying power and savings for consumers. “Interest rates moved higher and faster than most people expected. With our new Builder Buy Down Program, buyers at Northbank can turn back time and buy a home today with the interest rates of yesterday,” said Devin Touhey, Principal of The Concordia Group, one of the developers of Northbank. The development team of Concordia, D3 and Resmark is also offering $15,000 in closing cost assistance towards the purchase of a new home at Northbank.
Homes include The Anderson, The Brooks, The Commodore and The Essex models that range from 1,800 – 3,600 square feet and vary from three- to five-bedroom floorplans and one- or two-car garages. Select units have private elevators and expansive rooftop decks. Homes at Northbank start in the mid $500’s.
“We are thrilled to be a part of development team that is committed to their community and willing to assist buyers looking to purchase a new townhome at Northbank. These incentives are great tools for our sales team to keeping growing this desirable waterfront community in Philadelphia,” stated Andrea Pietrinferno, Northbank’s Sales Manager.
Natasha Stancill, Urban Pace
For more information on Northbank, please visit www.liveatnorthbank.com.
About Concordia Group
The Concordia Group specializes in the development of urban, infill residential and commercial real estate throughout the Mid-Atlantic region. The Principals of The Concordia Group have over 40 years of combined experience and expertise in different facets of real estate development and manage the intricacies of development with expertise and innovative solutions.
About D3 Real Estate Development
D3 is a Philadelphia-based civic-minded, design-driven real estate company focused on developing progressive, modern and high-quality residential and mixed-use communities and providing Owner’s Representative and Development Management services to organizations that require focused, experienced guidance and assistance with their real estate needs.
About Urban Pace
Urban Pace is the Mid-Atlantic leader in development real estate services including marketing, sales, leasing and advisory. Founded in 2001, our team is the experienced authority having worked on more than 275 communities from large master planned sites to urban boutique buildings. We specialize in condominiums, townhomes, apartments and new construction sites across all price points. Combining our strategic approach and proprietary technology, UPvelocity™, we have a track record of driving traffic and revenue with extraordinary results. As part of a billion-dollar entity, The Long and Foster Companies, we have unmatched resources with a network of 11,000 agents and a dedicated Asia Pacific team.