IPA Secures $52M in Financing for 98-Unit Arista Glendale Multifamily Property in California

IPA Arranges $52M Financing for Luxury Multifamily Property Arista Glendale

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) specializing in capital markets services for major private and institutional clients, announced the $52 million financing of Arista Glendale, a 98-unit luxury multifamily property located at 520 North Central Avenue in Glendale, California. Stefen Chraghchian, IPA Capital Markets senior director, stated: “Arista is […] The post IPA Arranges $52M Financing for Lux…

IPA Secures $52M in Financing for 98-Unit Arista Glendale Multifamily Property in California

GLENDALE, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $52 million in financing for Arista Glendale, a multifamily property at 520 N. Central Ave. in Glendale. Stefen Chraghchian of IPA Capital Markets secured the financing with Dwight Capital. The nonrecourse loan features a five-year, interest-only term at a 67.5 percent loan-to-value ratio. Arista Glendale features 98 two- and three-bedroom apartments with in-u…