IPA Capital Markets Arranges Financing on Two Luxury LA Multifamily Properties

IPA Capital Markets, a division of Marcus & Millichap, finalized the $44-million financing of two luxury multifamily properties in Los Angeles. Moderno Axis, a 126-unit apartment complex located at 7650 Van Nuys Blvd. in the city’s Van Nuys neighborhood, received $28,305,000 in financing, while $15,725,000 was sourced for Moderno La Granada Hills, a 54-unit apartment complex with additional retail space located at 17454 Chatsworth St. in Granada Hills.

Anita Paryani-Rice, senior managing director in the firm’s Los Angeles office, secured the financing with a national bank on behalf of a private client. The five-year fixed rate, non-recourse loans were structured with full-term interest only, step down prepay and no lender origination fees. Interest rates were locked at 5.40% and 5.60%.

“This financing reflects the strong demand we continue to see for high‑quality multifamily assets in Los Angeles,” said Paryani‑Rice. “The lender recognized both properties’ strong performance, premier amenities, and exceptional locations, enabling us to secure highly competitive terms and structure a solution aligned with our client’s long‑term strategy.”

Inside The Story

IPA Capital Markets' Paryani-Rice

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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