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California  + Los Angeles  + Apartments  | 

IPA Capital Markets Arranges $52M Refi on Glendale Luxury Multifamily

IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, arranged the $52-million financing of Arista Glendale, a 98-unit luxury multifamily property located at 520 N. Central Ave. in Glendale. Stefen Chraghchian, IPA Capital Markets senior director located in Marcus & Millichap’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.

Chraghchian 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. Amenities include in-unit laundry, a 24/7 fitness center, resort-style swimming pool with a spa and private cabanas, a lounge, outdoor firepit, barbecue area, billiards gaming area and parking.

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IPA Capital Markets' Chragchian

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).

  • ◦Financing
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