Marcus & Millichap Arranges $44 Million Multifamily Financing in Los Angeles

Event summary

  • Marcus & Millichap's IPA Capital Markets secured $44 million in financing for two luxury multifamily properties in Los Angeles.
  • Moderno Axis received $28.3 million, while Moderno La Granada Hills secured $15.7 million.
  • The financing consists of five-year fixed-rate, non-recourse loans with full-term interest-only and no lender origination fees.
  • Interest rates were locked at 5.40% for Moderno Axis and 5.60% for Moderno La Granada Hills.
  • Anita Paryani-Rice, Senior Managing Director, secured the financing on behalf of a private client.

The big picture

This $44 million financing underscores the continued institutional interest in Los Angeles multifamily, despite broader economic uncertainties. The favorable terms secured – full-term interest-only and no origination fees – indicate a competitive lending environment and strong asset quality. Marcus & Millichap, with $50.8 billion in sales volume in 2025, continues to leverage its IPA Capital Markets division to capture a share of this activity, demonstrating its role as a key intermediary in the commercial real estate market.

What we're watching

Interest Rate Sensitivity
The fixed-rate structure provides some insulation, but future financing rounds will be heavily influenced by prevailing interest rate trends and their impact on investor appetite for multifamily assets.
Client Strategy
The long-term strategy alignment mentioned suggests a potentially complex client relationship; monitoring future deals will reveal the extent to which IPA Capital Markets is acting as a strategic advisor beyond simple financing.
Market Demand
While the press release highlights strong demand, continued observation of Los Angeles multifamily investment activity is crucial to determine if this represents a sustainable trend or a temporary surge.

Related topics

Interest Rates