IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, announced the $52 million financing of Arista Glendale, a 98-unit luxury multifamily property located at 520 North Central Avenue in Glendale, Calif.
Stefen Chraghchian, senior director at IPA Capital Markets, said, “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.”
The property features a mix of two- and three-bedroom units with a full amenity package, including in-unit laundry, 24/7 fitness center, resort-style swimming pool with a spa and private cabanas, lounge, outdoor firepit, barbecue area, billiards gaming area and parking.
Chraghchian, based at the firm’s Encino office, secured financing with Dwight Capital. The loan is non-recourse and fea
