IPA Capital Markets, a division of Marcus & Millichap, arranged $76 million in financing for a multifamily development in Monrovia, California. This transaction supports a new residential project in Los Angeles County.
The financing was secured for a multifamily development, highlighting IPA Capital Markets' role in facilitating capital for new construction. This demonstrates the division's continued activity in the competitive Southern California real estate market.
The successful arrangement underscores IPA Capital Markets' expertise in securing significant funding for developers. This contributes to the growth of new housing supply in a key metropolitan area.
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