IPA Capital Markets Arranges $50 Million in Financing for 18-Property Industrial Portfolio
IPA Capital Markets, the capital markets division of Marcus & Millichap (NYSE: MMI), arranged $50 million in financing for an 18-property industrial portfolio spanning Texas, Oklahoma and Georgia. The non-recourse loan carries a five-year term, 70% loan-to-value, 6.75% interest rate and interest-only payments throughout.
Key figures
- Deal Value Usd
- 50000000
- Interest rate
- 6.75%
- Loan to value
- 70%
- Property count
- 18
- Loan term years
- 5
AI analysis
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