Institutional Property Advisors (IPA), a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has successfully secured $61 million in financing for the construction of Arbello, a mixed-use multifamily and office property located at 477 9th Avenue in San Mateo, California.
Brandon Roth, managing director in IPA Capital Markets’ Palo Alto office, advised and marketed the financing for Arbello on behalf of The Martin Group and JPF Capital.
“There are few developers in the Bay Area that have been able to secure financing and start construction in today’s market environment, but The Martin Group has now done it twice in the past six months,” said Roth. “It’s a testament to the quality of their product and their project location. We were able to create a competitive market, securing construction financing quotes from six lenders.”
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
Institutional Property Advisors (IPA) is a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios.
