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New York & Tri-State  + Uptown/Bronx  + Finance  |  October 31, 2023
Paul Bubny
By: Paul Bubny

IPA Arranges Refi on West Chelsea, Bronx Assets

Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the refinancing of two office/industrial assets located at 521 W. 21st St. in Manhattan’s West Chelsea neighborhood and 656 E. 133rd St. in the Bronx. 

Matt Polci, a capital markets specialist in IPA’s Manhattan office, partnered with Marcus & Millichap investment sales specialists Justin Natalizio and Eric Anton to secure financing with Citibank on behalf of the borrower, Guy Roberts, a New York-based private investor. 

“After careful planning with the borrower, we were able to secure a significant cash-out refinance while navigating a challenging financial market,” said Natalizio. “Despite the headwinds in today’s capital markets environment, we were thrilled to have yet another seamless closing with James Goldberg and his incredible team at Citibank.” 

Read More News Stories About: Marcus & Millichap
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Inside The Story

Marcus & Millichap's Natalizio

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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