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IPA Capital Markets secures $50M non-recourse loan for industrial portfolio

The financing is structured as a five-year, non-recourse loan with a 70% loan-to-value ratio and a 6.75% interest rate.

Reported · Written up by our desk · Industrial & Land

ConnectCRE reports that IPA Capital Markets, a division of Marcus & Millichap, arranged $50 million in financing for an 18-property industrial portfolio spanning Texas, Oklahoma, and Georgia.

According to ConnectCRE, IPA Capital Markets Managing Director Frank Montalto and Director Ethan Splan, both based in the company’s Chicago, Illinois office, closed the financing transaction.

ConnectCRE adds that the loan is non-recourse, with a five-year term, a 70% loan-to-value ratio, a 6.75% interest rate, and interest-only payments throughout the loan term.

The outlet says Montalto described the deal as reflecting the strength of well-located industrial assets and lender demand for stabilized portfolios with fundamentals.

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