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Marcus & Millichap's IPA Capital Markets Arranges $116.5 Million Construction Financing for Pacific Northwest Industrial Property

  • IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), arranged $116,525,065 in financing for a 1.4 million-square-foot industrial property in the Pacific Northwest.
  • Executives Gary Mozer & Lee Norman from the Los Angeles office secured the deal on behalf of a national real estate development & investment firm.
  • The financing was secured at a 5.28% five-year fixed rate with 95% loan-to-cost ratio due to the tenant's strong credit profile.
  • The loan terms include yield maintenance prepayment provisions, with the final six months of the term open for prepayment without penalty.
  • Marcus & Millichap reported closing 8,818 transactions totaling $50.8 billion in sales volume during 2025.