IPA Capital Markets, a division of Marcus & Millichap, secured $110 million in joint venture equity and agency financing. This funding was for the acquisition of Canfield Park at Fairfield Metro, two adjacent multifamily properties in Bridgeport, Connecticut.
The properties, built in 2023, feature a combined 300 units and are located near a local transit station. The financing was arranged for a new joint venture between an institutional investment management firm and a NYC-based multifamily owner/operator.
This successful execution highlights IPA Capital Markets' ability to facilitate smooth agency financing processes and expand sponsorship teams' portfolios. The transaction underscores the long-term value seen in newly built assets in premier locations.
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