homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

July 22, 2021

M&M's IPA arranges $24M refi

The 146-unit Green River Village, a 1970s apartment complex in Auburn, traded two years ago for just under $21 million. Institutional Property Advisors brokered that deal, and now IPA Capital Markets has announced a $24 million refinancing package. Ray Allen and Seth Heikkila secured a new bank loan to retire the prior $18 million loan that it had also sourced. IPA is part of Marcus & Millichap. New owner Heaton Dainard is renovating the property, which had previously been under the old ownership for several decades.




Email or user name:
Password:
 
Forgot password? Click here.