IPA Capital Markets, a division of Marcus & Millichap, arranged $62,139,000 in acquisition financing for DUO Apartments – a 301-unit multifamily asset located in San Jose. Brian Eisendrath and his team consisting of Cameron Chalfant and Jake Vitta originated the loan on behalf of an undisclosed borrower. The 10-year interest-only government sponsored loan was fixed at 5.37% with a 65% loan to value ratio.
The property is situated on 4.6 acres and was built in 2020; it is 11 miles from Downtown San Jose with the Santa Teresa light rail station within walking distance as well as U.S Route 101 and State Route 85 nearby for easy access to other parts of town or state if needed .
Marcus & Millichap has two timely webcasts available now that provide insight into today’s multifamily market from both their own experts as well those who are institutional owners; click here for more information about these webcasts along with details about Hessam Nadji’s conversation featuring Lloyd Blankfein which will take place September 26th . Additionally Connect Orange County will be taking place September 27th 2023 at VEA | Newport Beach Marriott concurrently alongside Connect Healthcare Real Estate which takes place between the 27th – 28th ; click here to register for Connect Orange County or here if you would like to register specifically for Connect Healthcare Real Estate
