Marcus & Millichap unit IPA Capital Markets arranges $43 million construction loan for Miami-area multifamily project

By Public Technologies
  • IPA Capital Markets, a Marcus & Millichap unit, arranged USD 43 million construction financing for Lyra Palmetto Bay in Greater Miami.
  • Financing secured with Pearlmark Real Estate Partners for a 192-unit multifamily development in Palmetto Bay, Florida.
  • Project targets renters earning 80%–120% of area median income under Florida’s Live Local Act; completion expected December 2027.


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