IPA Capital Markets Arranges $17.2 Million Multifamily Acquisition Loan in Atlanta, GA

Anita Paryani

Atlanta, GA – Institutional Property Advisors Capital Markets (IPACM), a leading provider of debt and equity placements and advisory solutions for major investors, has arranged $17,200,000 in financing for the purchase of a 153-unit high-rise apartment building in Atlanta.

            Jake Roberts and Anita Paryani, both first vice presidents capital markets in IPACM’s West Los Angeles office, structured the debt.

            “We closed the loan in just 30 days from start to finish,” says Roberts, “and the financing includes seven years of interest-only payments at a full debt service coverage ratio.”

“As always, our goal is to add value for clients in every way possible, and in addition to finding the most aggressive debt and closing quickly, we were called upon to negotiate the asset’s insurable value down by over $20 million as the appraisals’ insurable value came in quite high, which significantly impacted insurance costs until we solved the problem,” adds Paryani.

153-unit Apartment Building, Atlanta, GA

The loan is structured with a 12-year fixed term, amortized over 30 years after a seven-year interest-only period with a fixed interest rate of 4.04 percent. The loan to value is 56 percent.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

Marcus & Millichap Capital Corporation

(925) 953-1716