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.
The October 2026 Construction Outlook brief also flags water and power as constraints and says the next building cycle could slip by several years.
The brokerage attributes the drop mainly to Suffolk County, where 1.3 million square feet of first-half absorption cut vacancy to 20.4%.
Bridge Investment Group and Pacific Development borrowed the bridge loan, which funded an interest reserve and returned equity.
Bridge, Declaration Partners and Avery Hall are the sponsors; coupon and spread were not disclosed.
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