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Marcus & Millichap's IPA Capital Markets Arranges $52 Million Financing for Luxury Glendale Multifamily Property

  • IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), secured a $52 million financing for the Arista Glendale luxury multifamily property.
  • The 98-unit community is located at 520 North Central Avenue in Glendale, California, featuring a mix of two- & three-bedroom units.
  • Stefen Chraghchian, a senior director at IPA's Encino office, negotiated the non-recourse loan with Dwight Capital.
  • The loan terms include a five-year interest-only period at a 67.5% loan-to-value ratio.
  • Property amenities include in-unit laundry, a 24/7 fitness center, a resort-style pool with spa & cabanas, a lounge, outdoor firepit, barbecue area, billiards room, & parking.
  • Marcus & Millichap reported closing 7,836 transactions with approximately $49.6 billion in sales volume during 2024.
  • IPA Capital Markets provides capital markets financing solutions including debt, mezzanine financing, preferred equity, & joint venture equity for institutional clients.