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.”
