IPA Capital Markets, a division of Marcus & Millichap, successfully arranged $165.9 million in financing for the DSF Group. The financing was for the acquisition of the Town Square at Mark Center in Alexandria, Virginia.
The Town Square at Mark Center is a 678-unit apartment and townhome community, 98% occupied, with substantial value-add potential through planned renovations. The transaction achieved 70% loan-to-value along with a 35-year amortization, despite a rising treasury environment.
This landmark transaction demonstrates IPA's strength in handling complicated and high-profile deals requiring nuanced market and finance expertise. The client effectively mitigated interest rate risk by executing an early rate lock, securing a treasury yield approximately 15 basis points below its peak.
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