Marcus & Millichap’s IPA Capital Markets Arranges $44 Million Financing for Luxury Los Angeles Multifamily Properties
Marcus & Millichap, Inc. (MMI)
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, announced today the $44 million financing of two luxury multifamily properties in Los Angeles, California. Moderno Axis, a 126-unit apartment complex located at 7650 Van Nuys Boulevard in the city’s Van Nuys neighborhood received $28,305,000 in financing while $15,725,000 was secured for Moderno La Granada Hills, a 54-unit apartment complex with additional retail space located at 17454 Chatsworth Street in the Granada Hills neighborhood.Anita Paryani-Rice, senior managing director in the firm’s Los Angeles office, secured the financing with a national bank on behalf of a private client. The five-year fixed rate, non-recourse loans were structured with full-term interest only, step down prepay and no lender origination fees. Interest rates were locked at 5.40% and 5.60%.“This financing reflects the stron
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- Marcus & Millichap's IPA Capital Markets Arranges $44 Million Financing for Luxury Los Angeles Multifamily Properties [Yahoo! Finance]Yahoo! Finance
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- Does Strong Q4 Profit and an 8% Buyback Shift the Bull Case for Marcus & Millichap (MMI)? [Yahoo! Finance]Yahoo! Finance
- Institutional Property Advisors Brokers Sale and Arranges Financing for Boutique West Los Angeles Multifamily AssetBusiness Wire
MMI
Sec Filings
- 3/13/26 - Form 144
- 3/12/26 - Form 4
- 3/12/26 - Form 4
- MMI's page on the SEC website