**IPA Capital Markets Secures $61 Million for San Mateo Mixed-Use Project**
IPA Capital Markets, a division of Marcus & Millichap, has successfully secured $61 million in financing for the development of Arbello, a mixed-use multifamily and office project located at 477 9th Avenue in San Mateo, California.
Brandon Roth, Managing Director at IPA Capital Markets’ Palo Alto office, led the financial advisory and marketing efforts on behalf of project developers The Martin Group and JPF Capital.
“There are few developers in the Bay Area that have been able to secure financing and start construction in today’s market environment, but The Martin Group has now done it twice in the past six months,” said Roth. “It’s a testament to the quality of their product and their project location. We were able to create a competitive market, securing construction financing quotes from six lenders.”
The five-story Arbello development will feature 120 rental residences and approximately 29,000 square feet of office space. Planned amenities include a coworking space, wellness center, clubhouse, landscaped courtyard, and rooftop deck.
This marks another significant milestone for The Martin Group as they move forward with transformative projects in the Bay Area’s evolving real estate landscape.
