IPA Capital Markets, a division of Marcus & Millichap, arranged the $26.5-million financing of a 76,755-square-foot, Class-A industrial building located at 8631 Hayden Pl. in Culver City.

The Manhattan-based IPA Capital Markets team of Max Hulsh, Max Herzog, Marko Kazanjian and Andrew Cohen secured the financing with First Citizens Bank on behalf of a Los Angeles-based real estate investment, operating and development company with over $10 billion in assets under management.

“It was a pleasure working with the sponsor to secure financing,” said Hulsh. “Our team successfully arranged bridge financing at 65% loan-to-value for a transitional industrial property, pricing in the 200s over SOFR with a floor of 1.50%. We’re seeing increasingly competitive rates driven by factors such as more efficient back leverage, newly raised funds, and heightened competition.”

Don’t miss Connect Orange County, coming up on Thursday, March 20^th at the Hyatt Regency Irvine. Register to join OC’s leading CRE names and major industry players for an afternoon of insightful discussion panels, presentations, and top-notch networking. Be there to get the expert take on what’s coming to OC for the balance of 2025, across asset classes. www.ConnectOC2025.com