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Marcus & Millichap's IPA Capital Markets Arranges $48.4 Million Refinance of Industrial Property in Oklahoma City

  • IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), arranged $48.4 million in financing to refinance the Britton Commerce Center for client Gardner Tanenbaum.
  • The 560,000-square-foot Class-A industrial park in Oklahoma City is fully leased to national tenants & located near the intersection of Interstate 35 & Interstate 44.
  • Executives Sunny Sajnani & Travis Headapohl secured a 5-year credit union loan featuring a 5.76% fixed rate, 30-year amortization, & 24 months of interest-only payments.
  • Todd McNeill, CEO of Gardner Tanenbaum, praised the partnership for ensuring optimal terms, execution certainty, & a surprise-free closing on schedule.
  • Marcus & Millichap reported closing 7,836 transactions with approximately $49.6 billion in sales volume during 2024.