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| Anita Paryani |
LOS ANGELES, CA – Institutional Property Advisors Capital
Markets (IPACM), a leading provider of debt and equity placements and advisory
solutions for major investors, announces that Jake Roberts, first vice president capital markets, IPA, a division
of Marcus & Millichap, and Anita
Paryani, vice president capital markets, IPA, both in West Los Angeles,
arranged approximately $100,000,000 in commercial real estate financing in the
second quarter of this year.
“As the country’s economy continues
to grow, commercial real estate investors are taking advantage of the market’s
fundamentally sound conditions to add to their investment portfolios and
refinance existing assets at favorable terms from a wide variety of funding
sources,” says Roberts.
“Investors are seeing
strong performances from most property types and are enjoying improved access
to financing,” adds Paryani. “Nonbank lenders, including private equity
lenders, are providing more loans, especially first mortgage loans, to
commercial real estate borrowers and the number of CMBS lenders in the
marketplace continues to grow.”
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| Jake Roberts |
“Even with the increasing
likelihood of an upward interest rate adjustment in September, it’s a great
time to be a borrower,” concludes Roberts.
One of Roberts and
Paryani’s most significant transactions in the second quarter is $29,250,000 in
acquisition financing for a multifamily property in Northern California.
The 65 percent
loan-to-value, three-year debt placement has an adjustable interest rate of
LIBOR plus 200 basis points. Roberts and Paryani also procured $23,300,000 in
fixed-rate refinancing at 4.53 percent over a 30-year term for a hospitality
property in San Diego. That debt placement is 70 percent loan-to-value.
Other financial
arrangements completed by Roberts and Paryani in the quarter include the
placement of multifamily acquisition loans in Spokane Wash. that totaled more
than $19 million and a $6.78 million industrial warehouse refinancing in Grand
Rapids, Mich.
For a
complete copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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