IPA Secures $13.1M Loan For Edmond Development Site With 102 Units

The development site, Oaks at Covell, located in Edmond, Oklahoma, is the subject of a recent financial transaction amounting to $13.1 million. The transaction involves the facilitation of joint venture equity financing by IPA Capital Markets, a division of Marcus & Millichap, for the development of a 102-unit townhome community.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $13,100,000
• Location: Edmond, OK
• Units: 102
• Brokers: Justin Shuart & Travis Headapohl - IPA

Justin Shuart and Travis Headapohl from IPA played a crucial role in facilitating the $13.1 million joint venture equity financing for the Oaks at Covell development. The townhome community, with its 102 units, is set to be a significant addition to the real estate landscape in Edmond, Oklahoma.