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

GLENDALE, Calif.--(BUSINESS WIRE)--IPA Capital Markets, 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 a best‑in‑class community located in the heart of Downtown Glendale. This refinance provides our client with a flexible structure that supports both the property’s performance and their business needs.”

Chraghchian, located in the firm’s Encino office, secured the financing with Dwight Capital. The loan is non-recourse and features a five-year, interest-only term at 67.5% loan-to-value.

The property features a mix of two- and three-bedroom units with a full amenity package including in-unit laundry, a 24/7 fitness center, resort-style swimming pool with a spa and private cabanas, a lounge, outdoor firepit, barbecue area, billiards gaming area, and parking.

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 Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offers customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.