IPA Capital Markets Arranges $37 Million Financing for DFW Metropolitan Area Multifamily Asset
March 01, 2024
GRAPEVINE, Texas, March 1, 2024 – IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), specializing in capital markets services for major private and institutional clients, announced today the $37 million refinancing of Dane Park, a luxury 392-unit multifamily property in Grapevine, Texas.
Brian Eisendrath, executive managing director, and Cameron Chalfant, senior managing director, based in IPA Capital Markets’ Los Angeles office secured the financing with M&T RCC on behalf of a private investor. Terms of the five-year loan include 6.23% interest only and a spread of 1.68%.
The property features a mix of one- and two-bedroom luxury units. Dane Park has two locations and is pet-friendly with several dog services, including onsite daycare, grooming and concierge services.
Brian Eisendrath, executive managing director, and Cameron Chalfant, senior managing director, based in IPA Capital Markets’ Los Angeles office secured the financing with M&T RCC on behalf of a private investor. Terms of the five-year loan include 6.23% interest only and a spread of 1.68%.
The property features a mix of one- and two-bedroom luxury units. Dane Park has two locations and is pet-friendly with several dog services, including onsite daycare, grooming and concierge services.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.