Newmark Group arranges $600M financing

Published 1 week ago Positive
Newmark Group arranges $600M financing
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* Newmark Group (NMRK [https://seekingalpha.com/symbol/NMRK]) arranged [https://seekingalpha.com/pr/20287703-newmark-arranges-600-million-financing-for-west-shore-involving-eight-multifamily-properties] a $600 million total loan package on behalf of West Shore, with proceeds supporting the refinancing of more than $250 million in existing debt across five stabilized properties.
* The closing marks West Shore's second SASB transaction in the past 12 months, exemplifying the firm's continued growth among the most active multifamily owners in the Sunbelt region.

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