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IPA Capital Secures $174M Financing for Riverwalk Place

1/10/2025

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Summary

Story summary

IPA Capital Markets obtained $174 million in financing for 55 Riverwalk Place, a 348-unit multifamily property in West New York, NJ.
Built in 2006, the property is situated near the Hudson River, directly across from Manhattan.
Marko Kazanjian and his team arranged the financing through Bank of America for a value-add joint venture.
Kazanjian emphasized the acquisition as a major growth opportunity.

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Story summary

IPA Capital Markets obtained $174 million in financing for 55 Riverwalk Place, a 348-unit multifamily property in West New York, NJ.
Built in 2006, the property is situated near the Hudson River, directly across from Manhattan.
Marko Kazanjian and his team arranged the financing through Bank of America for a value-add joint venture.
Kazanjian emphasized the acquisition as a major growth opportunity.