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GLENDALE, CALIF. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $52 million in financing for Arista Glendale, a multifamily property at 520 N. Central Ave. in Glendale. Stefen Chraghchian of IPA Capital Markets secured the financing with Dwight Capital. The nonrecourse loan features a five-year, interest-only term at a 67.5 percent loan-to-value ratio.
Arista Glendale features 98 two- and three-bedroom apartments with in-unit laundry, a 24/7 fitness center, swimming pool with a spa and private cabanas, a resident lounge, an outdoor firepit and barbecue area, a billiards gaming area and parking.