Thursday, January 15, 2015

IPA Capital Markets Arranges $34.08 Million Refinancing in Aurora, CO

  
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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