diff --git a/src/coreclr/jit/lower.cpp b/src/coreclr/jit/lower.cpp
index de2cd661d7f25..2e219ae329891 100644
--- a/src/coreclr/jit/lower.cpp
+++ b/src/coreclr/jit/lower.cpp
@@ -6247,6 +6247,22 @@ GenTree* Lowering::LowerAdd(GenTreeOp* node)
             return next;
         }
 
+        // Fold ADD(CNS1, CNS2). We mainly target a very specific pattern - byref ADD(frozen_handle, cns_offset)
+        // We could do this folding earlier, but that is not trivial as we'll have to introduce a way to restore
+        // the original object from a byref constant for optimizations.
+        if (comp->opts.OptimizationEnabled() && op1->IsCnsIntOrI() && op2->IsCnsIntOrI() && !node->gtOverflow() &&
+            (op1->IsIconHandle(GTF_ICON_OBJ_HDL) || op2->IsIconHandle(GTF_ICON_OBJ_HDL)) &&
+            !op1->AsIntCon()->ImmedValNeedsReloc(comp) && !op2->AsIntCon()->ImmedValNeedsReloc(comp))
+        {
+            assert(node->TypeIs(TYP_I_IMPL, TYP_BYREF));
+
+            // TODO-CQ: we should allow this for AOT too. For that we need to guarantee that the new constant
+            // will be lowered as the original handle with offset in a reloc.
+            BlockRange().Remove(op1);
+            BlockRange().Remove(op2);
+            node->BashToConst(op1->AsIntCon()->IconValue() + op2->AsIntCon()->IconValue(), node->TypeGet());
+        }
+
 #ifdef TARGET_XARCH
         if (BlockRange().TryGetUse(node, &use))
         {