Marcus & Millichap’s IPA Capital Markets Arranges $63 Million Multifamily Refinance in Greater Austin
Marcus & Millichap, Inc. (MMI)
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Source: Business Wire
CEDAR PARK, Texas--(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 MarketsIPA Capi
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- Marcus & Millichap's IPA Capital Markets Arranges $63 Million Multifamily Refinance in Greater Austin [Yahoo! Finance]Yahoo! Finance
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- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- 10/15/24 - Form SC
- MMI's page on the SEC website