Highlights 

  • IPA Capital Markets arranges 48.4M USD refinancing for Oklahoma City industrial park. 
  • 560,000 sq. ft. Class-A facility fully leased to national tenants. 
  • 5-year credit union loan includes 24 months of interest-only payments. 

IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), has facilitated 48.4M USD in financing to refinance the Britton Commerce Center, a Class-A industrial park located in Oklahoma City, Oklahoma. The transaction was executed on behalf of Gardner Tanenbaum, a real estate firm based in Oklahoma City. 

Financing Structure 

Sunny Sajnani, executive managing director, and Travis Headapohl, associate director, both operating out of IPA’s Dallas office, arranged a 5-year credit union loan for the property. The financing carries a fixed rate of 5.76%, a 30-year amortization schedule, and includes 24 months of interest-only payments. 

Property Overview 

The Britton Commerce Center encompasses 560,000 sq. ft. across five buildings and is fully leased to national tenants. The property is situated near the intersection of Interstate 35 and Interstate 44, offering convenient access between Oklahoma City and Tulsa. 

Client Comment 

Todd McNeill, CEO of Gardner Tanenbaum, stated: “Our relationship with IPA Capital Markets is a true partnership. Sunny and Travis not only sourced the financing but were engaged at every stage to ensure optimal terms and certainty of execution. We were pleased to close this loan on schedule with no surprises.” 

About IPA Capital Markets 

IPA Capital Markets, part of Marcus & Millichap (NYSE:MMI), provides commercial real estate capital markets solutions for major private and institutional clients. Services include debt financing, mezzanine loans, preferred and joint venture equity, and sponsor equity. 

About Marcus & Millichap 

Marcus & Millichap, Inc. (NYSE:MMI) offers investment sales, financing, research, and advisory services for commercial real estate across the U.S. and Canada. In 2024, the company completed 7,836 transactions with a total sales volume of approximately 49.6B USD.