IPA Capital Markets Secures $63.8M Refinancing for Multifamily Property Near Los Angeles

MARINA DEL REY, CALIF. — Institutional Property Advisors (IPA) Capital Markets has arranged $63.8 million for the refinancing of a multifamily property located in Marina del Rey.

Danny Abergel of IPA Capital Markets secured the financing for the undisclosed borrower. The debt placement was structured with 10 years interest-only payments fixed at 4.2 percent.

The multifamily property features 268 apartments.