Marcus & Millichap’s IPA Capital Markets Arranges $63 Million Multifamily Refinance in Greater Austin
08 11월 2024 - 6:15AM
Business Wire
IPA Capital Markets, a division of Marcus & Millichap
(NYSE:MMI), specializing in capital markets services for major
private and institutional clients has secured a $63 million loan
for the refinance of Muir Lake Apartments, located on Avery Ranch
Boulevard in the Austin suburb of Cedar Park, Texas. Built in 2014,
the property features 332 garden-style units spread across 46
acres.
The New York-based IPA Capital Markets team of Marko Kazanjian,
Max Herzog, Andrew Cohen, and Max Hulsh secured the financing with
LoanCore Capital.
“Our team successfully secured a refinancing for our client in a
challenging market, allowing them further duration to execute their
business plan,” said Kazanjian. “We are both happy and fortunate to
close another deal with the LoanCore team. They quickly grasped the
high potential of this opportunity. The asset has an excellent
location on a lake adjacent to McCann Park and Lakeline Park.”
About IPA Capital Markets IPA Capital Markets is a
division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets
provides major private and institutional clients with commercial
real estate capital markets financing solutions, including debt,
mezzanine financing, preferred and joint venture equity, and
sponsor equity. For more information, please visit
institutionalpropertyadvisors.com/capital-markets
About Marcus & Millichap, Inc. (NYSE: MMI) Marcus
& Millichap, Inc. is a leading national brokerage firm
specializing in commercial real estate investment sales, financing,
research and advisory services. As of December 31, 2023, the
Company had 1,783 investment sales and financing professionals in
over 80 offices who provide investment brokerage and financing
services to sellers and buyers of commercial real estate. The
Company also offers market research, consulting and advisory
services to our clients. Marcus & Millichap closed 7,546
transactions in 2023, with a sales volume of approximately $43.6
billion. For additional information, please visit
www.MarcusMillichap.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241107903322/en/
Gina Relva, VP of Public Relations
gina.relva@marcusmillichap.com
Marcus and Millichap (NYSE:MMI)
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