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IPA Arranges $110M Financing for Bridgeport Multifamily Deal
IPA Capital Markets, a division of Marcus & Millichap, secured $110 million in joint venture equity and agency financing to acquire Canfield Park at Fairfield Metro, two adjacent multifamily properties in Bridgeport, CT. Built in 2023, the properties total 300 units and are located at 306 Canfield Ave. near the local transit station in Bridgeport’s Black Rock neighborhood.
The New York-based IPA Capital Markets team of Marko Kazanjian, Max Herzog, Andrew Cohen and Max Hulsh secured agency financing on behalf of their client, a new joint venture between an institutional investment management firm and a NYC-based multifamily owner/operator focused on acquiring value-add apartment assets in the Northeast.
“From the moment the opportunity was presented to the capital partner, it was clear they understood the long-term value of the acquisition,” said Kazanjian. “The newly built assets’ premier location adjacent to the Fairfield–Black Rock train station, coupled with our ability to facilitate a smooth agency financing process contributed to a successful execution for all parties.”
- ◦Sale/Acquisition
- ◦Financing
