A $44-million financing deal for two San Fernando Valley apartment complexes is the latest in Los Angeles\u2019 burgeoning multifamily investment space.\u00a0<\/p>\n
IPA Capital Markets<\/b>, a division of Calabasas-based brokerage Marcus & Millichap<\/b>, announced Wednesday that it had secured five-year fixed-rate, non-recourse loans with an unnamed national bank for multifamily properties in Van Nuys and Granada Hills.<\/p>\n
Moderno Axis, a 126-unit complex at 7650 Van Nuys Blvd., received roughly $28.3 million in financing. And the newly built Moderno La Granada Hills, a 540-unit Spanish-style complex with retail space at 17454 Chatsworth St., got just over $15.7 million. Interest rates for the loans were locked at 5.4% and 5.6%.<\/p>\n
The lender in the deal recognized the properties\u2019 \u201cstrong performance, premier amenities and exceptional locations,\u201d said Anita Paryani-Rice<\/b>, a senior managing director at IPA, \u201cenabling us to secure highly competitive terms and structure a solution aligned with our client\u2019s longterm strategy.\u201d<\/p>\n
The complexes\u2019 add-ons run the gamut from on-site pet grooming spas to a media theater. Decking out properties with sought-after amenities is a rising strategy among San Fernando Valley developers and owners looking to maximize their return-on-investment and retain tenants long-term.<\/p>\n
\u201cThis financing reflects the strong demand we continue to see for highquality multifamily assets in Los Angeles,\u201d Paryani Rice said.<\/p>\n
While overall multifamily investment in L.A. sped up in 2025, which had 52% more sales than the previous year, the San Fernando Valley shone particularly bright.\u00a0<\/p>\n
The suburban hub represented roughly one-third of last year\u2019s sales across the L.A. metro area, according to Northmarq<\/b>, with several transactions closing between $125 and $185 million. Per-unit prices in the Valley ticked up 4% to $318,200 last year, compared to a 2% drop in median prices across L.A.<\/p>\n","protected":false},"excerpt":{"rendered":"A $44-million financing deal for two San Fernando Valley apartment complexes is the latest in Los Angeles\u2019 burgeoning…\n","protected":false},"author":3,"featured_media":493867,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5123],"tags":[1582,276,2961,224,5337,117293],"class_list":["post-659292","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-ca","tag-california","tag-la","tag-los-angeles","tag-losangeles","tag-marcus-millichap"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116237921584758441","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/659292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=659292"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/659292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/493867"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=659292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=659292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=659292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}