Marcus & Millichap’s IPA Capital Markets Arranges $52 Million Financing for Luxury Glendale Multifamily Property
February 03, 2026
GLENDALE, Calif., Feb. 3, 2026 – IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI) specializing in capital markets services for major private and institutional clients, announced today the $52 million financing of Arista Glendale, a 98-unit luxury multifamily property located at 520 North Central Avenue in Glendale, California.
Stefen Chraghchian, IPA Capital Markets senior director, stated: “Arista is a best‑in‑class community located in the heart of Downtown Glendale. This refinance provides our client with a flexible structure that supports both the property’s performance and their business needs.”
Chraghchian, based in the firm’s Encino office, secured the financing with Dwight Capital. The loan is non-recourse and features a five-year, interest-only term at 67.5% loan-to-value.
The property features a mix of two- and three-bedroom units with a full amenity package, including in-unit laundry, a 24/7 fitness center, a resort-style swimming pool with a spa and private cabanas, a resident lounge, outdoor firepit and barbecue area, a billiards gaming area, and parking.
Stefen Chraghchian, IPA Capital Markets senior director, stated: “Arista is a best‑in‑class community located in the heart of Downtown Glendale. This refinance provides our client with a flexible structure that supports both the property’s performance and their business needs.”
Chraghchian, based in the firm’s Encino office, secured the financing with Dwight Capital. The loan is non-recourse and features a five-year, interest-only term at 67.5% loan-to-value.
The property features a mix of two- and three-bedroom units with a full amenity package, including in-unit laundry, a 24/7 fitness center, a resort-style swimming pool with a spa and private cabanas, a resident lounge, outdoor firepit and barbecue area, a billiards gaming area, and parking.
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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.