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Marcus & Millichap's IPA Capital Markets Arranges $44 Million Financing for Luxury Los Angeles Multifamily Properties

  • IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), secured $44 million in financing for two luxury multifamily properties in Los Angeles.
  • Moderno Axis, a 126-unit complex in Van Nuys, received $28,305,000 in financing.
  • Moderno La Granada Hills, a 54-unit complex with retail space in Granada Hills, received $15,725,000 in financing.
  • Anita Paryani-Rice secured the five-year, fixed-rate, non-recourse loans on behalf of a private client.
  • Both loans feature full-term interest-only structures, step-down prepay options, no lender origination fees, & interest rates locked at 5.40% & 5.60%.
  • Moderno Axis is located near the Van Nuys MetroLink & Amtrak Station & offers amenities including a fitness center, pool, jacuzzi, & pet grooming spa.
  • Moderno La Granada Hills is situated near California State University Northridge & features Spanish-style units, retail space, & amenities such as a media theater, dog park, & sundeck.
  • Marcus & Millichap reported closing 8,818 transactions with a sales volume of $50.8 billion in 2025.