Marcus & Millichap’s IPA Capital Markets Arranges $44 Million Financing for Luxury Los Angeles Multifamily Properties
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LOS ANGELES--(BUSINESS WIRE)--
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients,announced today the $44 million financing of two luxury multifamily properties in Los Angeles, California. Moderno Axis, a 126-unit apartment complex located at 7650 Van Nuys Boulevard in the city’s Van Nuys neighborhood received $28,305,000 in financing while $15,725,000 was secured for Moderno La Granada Hills, a 54-unit apartment complex with additional retail space located at 17454 Chatsworth Street in the Granada Hills neighborhood.
Anita Paryani-Rice, senior managing director in the firm’s Los Angeles office, secured the financing with a national bank on behalf of a private client. The five-year fixed rate, non-recourse loans were structured with full-term interest only, step down prepay and no lender origination fees. Interest rates were locked at 5.40% and 5.60%.
“This financing reflects the strong demand we continue to see for high‑quality multifamily assets in Los Angeles,” said Paryani‑Rice. “The lender recognized both properties’ strong performance, premier amenities, and exceptional locations, enabling us to secure highly competitive terms and structure a solution aligned with our client’s long‑term strategy.”
Moderno Axis is located next to the Van Nuys MetroLink and Amtrak Station and offers a mix of studios, one- and two-bedroom units. It also offers a full amenity package including in-unit laundry, a fitness center, a swimming pool, a jacuzzi spa, bike storage, fire pits, a barbeque area, a dog park, and an on-site pet grooming spa.
Moderno La Granada Hills is a newly built Spanish-style community located near California State University Northridge. Units are pet friendly and range from studios to two-bedroom apartments, offering amenities including in-unit laundry and central air and heating. Community amenities include a fitness center, pool with a jacuzzi spa and sundeck, dog park and on-site pet grooming, recreation room with media and gaming, media theater, firepit and barbeque area, private parking, and bike storage. The ground level features a mix of neighborhood-serving retail.
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
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
