The non-recourse financing was closed by Frank Montalto and Ethan Splan, per Connect CRE.
IPA Capital Markets, a division of Marcus & Millichap, arranged $50 million in financing for an 18-property industrial portfolio across Texas, Oklahoma and Georgia, the firm announced.
Managing Director Frank Montalto and Director Ethan Splan closed the transaction, Connect CRE reported. Both are based in the firm's Chicago office. The loan is non-recourse, according to the report.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections
A Midwest apartment buyer won a $600,000 discount on a $20 million contract after threatening to walk, the Journal reported.
Marcus & Millichap's report shows 3.3 million square feet absorbed in a year and asking rents up 5.1%, with Northern Virginia leading the improvement.
Marcus & Millichap sees vacancy falling to 18.4% in 2026 and asking rent rising to $29.30 a square foot, with downtown rents still under pressure.
The loan covers the 180-room hotel across from Princeton University that opened in 2024.
The pre-stabilization bridge refinances a $20.5 million Amboy Bank construction loan and returns equity to PEEK Capital during leasing.
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