Marcus & Millichap’s IPA Capital Markets Arranges $63 Million Multifamily Refinance in Greater Austin
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), has secured a $63 million refinancing loan for Muir Lake Apartments in Cedar Park, Texas. The 332-unit garden-style property, built in 2014, spans 46 acres near McCann Park and Lakeline Park. The New York-based IPA Capital Markets team arranged the financing with LoanCore Capital. Marcus & Millichap closed 7,546 transactions in 2023 with a sales volume of approximately $43.6 billion, and maintains 1,783 investment sales and financing professionals across over 80 offices.
IPA Capital Markets, una divisione di Marcus & Millichap (NYSE:MMI), ha ottenuto un finanziamento di rifinanziamento di 63 milioni di dollari per gli Apartments di Muir Lake a Cedar Park, Texas. La proprietà di 332 unità in stile giardino, costruita nel 2014, si estende su 46 acri vicino a McCann Park e Lakeline Park. Il team di IPA Capital Markets, con sede a New York, ha organizzato il finanziamento con LoanCore Capital. Marcus & Millichap ha concluso 7.546 transazioni nel 2023 con un volume di vendita di circa 43,6 miliardi di dollari, e mantiene 1.783 professionisti nelle vendite e nel finanziamento di investimenti in oltre 80 uffici.
IPA Capital Markets, una división de Marcus & Millichap (NYSE:MMI), ha asegurado un préstamo de refinanciamiento de 63 millones de dólares para los Apartamentos Muir Lake en Cedar Park, Texas. La propiedad de 332 unidades de estilo jardín, construida en 2014, abarca 46 acres cerca de McCann Park y Lakeline Park. El equipo de IPA Capital Markets con sede en Nueva York organizó el financiamiento con LoanCore Capital. Marcus & Millichap cerró 7.546 transacciones en 2023 con un volumen de ventas de aproximadamente 43.6 mil millones de dólares, y mantiene a 1.783 profesionales en ventas e inversiones en más de 80 oficinas.
IPA Capital Markets는 Marcus & Millichap(NYSE:MMI)의 한 부서로 텍사스 Cedar Park에 있는 Muir Lake 아파트를 위해 6300만 달러의 재융자 대출을 확보했습니다. 2014년에 건축된 332개 유닛의 정원 스타일 부동산은 McCann Park 및 Lakeline Park 근처 46에이커에 걸쳐 있습니다. 뉴욕에 본사를 둔 IPA Capital Markets 팀은 LoanCore Capital과 함께 자금을 마련했습니다. Marcus & Millichap는 2023년에 7,546건의 거래를 완료했으며, 판매량은 약 436억 달러에 달하고, 80개 이상의 사무소에서 1,783명의 투자 판매 및 금융 전문가를 보유하고 있습니다.
IPA Capital Markets, une division de Marcus & Millichap (NYSE:MMI), a sécurisé un prêt de refinancement de 63 millions de dollars pour les appartements Muir Lake à Cedar Park, Texas. La propriété de 332 unités de style jardin, construite en 2014, s'étend sur 46 acres près de McCann Park et Lakeline Park. L'équipe d'IPA Capital Markets, basée à New York, a organisé le financement avec LoanCore Capital. Marcus & Millichap a conclu 7.546 transactions en 2023 avec un volume de ventes d'environ 43,6 milliards de dollars et compte 1.783 professionnels de la vente et du financement d'investissements dans plus de 80 bureaux.
IPA Capital Markets, eine Abteilung von Marcus & Millichap (NYSE:MMI), hat ein Refinanzierungsdarlehen in Höhe von 63 Millionen Dollar für die Muir Lake Apartments in Cedar Park, Texas, gesichert. Die 332-Einheiten große Gartenimmobilie, die 2014 erbaut wurde, erstreckt sich über 46 Acres in der Nähe des McCann Parks und Lakeline Parks. Das in New York ansässige Team von IPA Capital Markets arrangierte die Finanzierung mit LoanCore Capital. Marcus & Millichap schloss im Jahr 2023 7.546 Transaktionen mit einem Verkaufsvolumen von etwa 43,6 Milliarden Dollar ab und beschäftigt 1.783 Fachleute für Immobilienverkäufe und -finanzierungen in über 80 Büros.
- Successfully secured $63 million refinancing deal in challenging market conditions
- Company demonstrated strong performance with 7,546 transactions closed in 2023
- Achieved significant sales volume of $43.6 billion in 2023
- Large operational presence with 1,783 professionals across 80+ offices
- None.
Insights
The
The deal's structure reflects current market dynamics where established properties in growing submarkets can still secure substantial financing. Cedar Park's position in the Greater Austin area, one of the fastest-growing metros in the US, adds strategic value. The
The
“Our team successfully secured a refinancing for our client in a challenging market, allowing them further duration to execute their business plan,” said Kazanjian. “We are both happy and fortunate to close another deal with the LoanCore team. They quickly grasped the high potential of this opportunity. The asset has an excellent location on a lake adjacent to McCann Park and Lakeline Park.”
About IPA Capital Markets
IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107903322/en/
Gina Relva, VP of Public Relations
gina.relva@marcusmillichap.com
Source: Marcus & Millichap, Inc.
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