 |
| Anita Paryani |
AURORA, CO – Institutional Property Advisors Capital Markets
(IPACM), a leading provider of debt and equity placements and advisory
solutions for major investors, has arranged $34,080,000 in refinancing for a
454-unit multifamily investment property in Aurora, Colo.
Jake
Roberts and Anita Paryani, both first vice presidents capital
markets in IPACM’s West Los Angeles office, structured the debt.
“An IPA
Capital client for more than 10 years, the property owner was confident we
could take advantage of the low interest rate environment and maximize the
leverage they needed to cash out money from the asset they have owned and
created value in for nearly 20 years,” says Roberts.
“This required a solid appraisal and a lender who would go
to 80 percent loan to value on a refinance,” adds Paryani.
“IPA identified a
lender who was willing to push the LTV to the necessary level and meet our
client’s financial goals.”
 |
| Jake Roberts |
The debt is structured with a seven-year term amortized over
30 years with a fixed 3.88 percent interest rate with a few years of interest
only.
The 398,040-square-foot property was built in 1981 and
renovated in 2000 and 2003.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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