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### Huntington Beach Redevelopment Project Secures $60.9M Refinancing
IPA Capital Markets, a division of Marcus & Millichap, has arranged a $60.9 million refinancing deal for a 28.9-acre oceanfront redevelopment project in Huntington Beach. Gary Mozer, executive managing director with IPA Capital Markets, secured an 18-month, non-recourse loan on behalf of a California-based investment and development firm.
The redevelopment project, approved by the Huntington Beach City Council in September, includes both residential and hospitality components. The residential plan features more than 200 for-sale single-family detached and attached homes, along with a 50-unit affordable housing community. The hospitality component includes a 215-room boutique hotel, complemented by 19,000 square feet of retail space.
“This deal presented significant challenges due to the complexity of the redevelopment plans and local zoning regulations,” said Mozer. “We analyzed the plans and zoning regulations carefully and structured the financing accordingly.”
The project is currently in the predevelopment phase, with construction expected to begin by late 2025.
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