04:55 AM EST, 03/07/2025 (MT Newswires) -- Marcus & Millichap ( MMI ) unit IPA Capital Markets said late Thursday it arranged a $60.9 million refinancing for an oceanfront redevelopment project in Huntington Beach, California.

The company secured an 18-month, nonrecourse loan on behalf of a California-based investment and development firm.

IPA said the project is in predevelopment, with construction set to begin near the end of this year.