IPA Capital Markets, a division of Marcus & Millichap, secured $174 million in joint venture equity and debt financing. This funding was for the acquisition of 55 Riverwalk Place, a 348-unit multifamily property in West New York, New Jersey.
The property, built in 2006, is located adjacent to the Hudson River, directly across from Manhattan, representing a significant value-add opportunity for the sponsor. The financing was arranged with Bank of America for a new joint venture.
This transaction highlights IPA Capital Markets' continued momentum, having secured approximately $150 million in JV equity partnerships in Q4 2024 alone. The division remains active with over $1.5 billion currently in the market, committed to delivering exceptional opportunities for clients.
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