Newmark Arranges $515 Million Refinancing for Rithm Capital's 31 West 52nd Street in Midtown Manhattan

Rhea-AI Summary

Newmark (Nasdaq:NMRK) arranged a $515 million fixed-rate refinancing for Rithm Capital's 31 West 52nd Street, a 785,000-square-foot Class A office tower in Midtown Manhattan's Plaza District.

The package, led by Wells Fargo, includes a $415 million senior mortgage, $40 million B-note and $60 million mezzanine loan, supporting Rithm's long-term plan for this premier New York City asset.

Positive

• $515 million fixed-rate refinancing arranged for 31 West 52nd Street
• Financing structure includes $415M senior mortgage, $40M B-note, $60M mezzanine
• Deal led by Wells Fargo with participation from six major global banks
• Refinancing tied to Rithm Capital’s $1.6B Paramount office portfolio acquisition
• Supports long-term business plan for a premier Midtown Manhattan office asset

Negative

• None.

News Market Reaction – NMRK

+0.32%

+0.32% Session close to close

In the Jul 7 session, NMRK gained 0.32%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The new $515 million refinancing mandate for a prime Midtown office tower underscores Newmark’s capi...

Analysis

The new $515 million refinancing mandate for a prime Midtown office tower underscores Newmark’s capital markets franchise, building on prior large financings, though broader office-sector risks and execution on future mandates remain important watchpoints for investors.

Key Figures

Refinancing size: $515 million Building size: 785,000 square feet Senior mortgage: $415 million +3 more

6 metrics

Refinancing size $515 million Fixed-rate financing for 31 West 52nd Street

Building size 785,000 square feet Class A office tower in Midtown Manhattan

Senior mortgage $415 million Component of refinancing package

B-note $40 million Component of refinancing package

Mezzanine loan $60 million Component of refinancing package

Paramount portfolio deal $1.6 billion Prior acquisition advised by Newmark

Historical Context

5 past events · Latest: Jun 24 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 24	leadership hire	Positive	-0.1%	Hired veteran advisor to lead Real Estate Strategy & Consulting Group.
Jun 09	tenant representation deal	Positive	+2.6%	Represented client in 212,000-SF long-term headquarters lease to full occupancy.
Jun 09	brokerage mandate	Neutral	+2.6%	Brokered real estate for sale of turnkey scrap metal business in Illinois.
Jun 09	major refinancing	Positive	+2.6%	Secured £325 million refinancing for fully occupied London office tower.
Jun 08	large data center loan	Positive	+0.2%	Arranged $975 million financing for fully leased mission-critical data center.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent deal- and mandate-related announcements have more often aligned with a positive share reaction than not.

Key Terms

fixed-rate financing, senior mortgage, b-note, mezzanine loan

4 terms

fixed-rate financing financial

"announces the Company has arranged $515 million in fixed-rate financing"

A financing arrangement where the interest rate on borrowed money is set at the start and does not change for the life of the loan or bond. Like a fixed monthly subscription, it makes future interest payments predictable, so companies and investors can forecast cash flow and debt costs more easily. Investors pay attention because fixed-rate debt affects a company’s interest expense, refinancing risk, and sensitivity to changing market rates, which can influence valuation and creditworthiness.

senior mortgage financial

"consists of a $415 million senior mortgage, a $40 million B-note"

A senior mortgage is a loan secured by real estate that has first claim on the property’s value if the borrower fails to repay, meaning it gets paid before any other debts tied to the same property. Investors care because this priority makes senior mortgages relatively safer and more likely to recover money in a default, providing steadier income with lower interest returns compared with lower‑priority, riskier loans—think of it as being first in line at repayment time.

b-note financial

"consists of a $415 million senior mortgage, a $40 million B-note"

A B-note is the subordinate piece of a loan or debt package that carries greater risk and usually a higher interest rate than the senior portion. Think of a mortgage sliced into two stacks: the top stack gets paid first and is safer, while the B-note is the lower stack that absorbs losses first but pays more if things go well. Investors watch B-notes because their performance signals credit stress and can boost yield — but they also expose holders to bigger potential losses in a default.

mezzanine loan financial

"a $40 million B-note and a $60 million mezzanine loan."

A mezzanine loan is a type of financing that sits between a primary bank loan and equity ownership: it has a lower priority for repayment than the main loan but ranks above shareholders. Think of it as a bridge loan that fills the gap when a company needs extra cash for a buyout, expansion, or project, often carrying higher interest and sometimes a small equity stake. For investors, mezzanine debt offers higher returns but more risk than senior loans and can affect shareholder value if converted into ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, July 6, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has arranged $515 million in fixed-rate financing on behalf of Rithm Capital for 31 West 52nd Street, a 785,000-square-foot Class A office tower in Midtown Manhattan's Plaza District.

Co-Head of Global Debt & Structured Finance Jordan Roeschlaub, Co-Head of U.S. Capital Markets Adam Spies, Executive Vice Chairman Adam Doneger and Vice Chairman Nick Scribani arranged the financing on behalf of Rithm Capital. Director Tim Polglase, Associate Director Dan Axelson and Analyst Jack Fenton also provided strategic support on the refinancing.

The financing package, led by Wells Fargo, consists of a $415 million senior mortgage, a $40 million B-note and a $60 million mezzanine loan. The lending group also includes Bank of America, Barclays, Citi, Goldman Sachs and JPMorgan.

The refinancing follows Rithm Capital's acquisition of the broader Paramount office portfolio, a $1.6 billion transaction on which Newmark served as financial advisor to Rithm. The financing supports the firm's long-term business plan for one of the portfolio's premier New York City assets.

Located directly across from The Museum of Modern Art, 31 West 52nd Street occupies one of Midtown Manhattan's premier office locations. The property's high-quality tenancy, long-term leasing profile and institutional ownership continue to make it an attractive investment for lenders seeking exposure to best-in-class office assets.

Cushman & Wakefield's Gideon Gil, Zach Kraft and Cecelia Galligan also advised on the transaction.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-arranges-515-million-refinancing-for-rithm-capitals-31-west-52nd-street-in-midtown-manhattan-302818716.html

SOURCE Newmark Group, Inc.

FAQ

What refinancing transaction did Newmark (Nasdaq:NMRK) arrange for 31 West 52nd Street in July 2026?

Newmark arranged a $515 million fixed-rate refinancing for 31 West 52nd Street. According to Newmark, the Class A, 785,000-square-foot Midtown Manhattan office tower refinancing supports Rithm Capital’s long-term business plan for this key New York City asset.

How is the $515 million refinancing for 31 West 52nd Street structured by Newmark (NMRK)?

The $515 million refinancing is structured as a $415M senior mortgage, $40M B-note and $60M mezzanine loan. According to Newmark, Wells Fargo leads the package, with additional lending from Bank of America, Barclays, Citi, Goldman Sachs and JPMorgan.

What is the connection between Rithm Capital’s Paramount portfolio acquisition and the 31 West 52nd Street refinancing arranged by Newmark (NMRK)?

The refinancing follows Rithm Capital’s $1.6 billion Paramount office portfolio acquisition. According to Newmark, it supports Rithm’s long-term business plan for 31 West 52nd Street, one of the portfolio’s premier New York City office assets.

Why is 31 West 52nd Street considered a prime collateral asset in Newmark’s $515M refinancing for Rithm Capital?

31 West 52nd Street is a Class A, 785,000-square-foot office tower in Midtown Manhattan’s Plaza District. According to Newmark, its high-quality tenancy, long-term leases and institutional ownership make it attractive for lenders seeking exposure to best-in-class office assets.

Which lenders participated in the 31 West 52nd Street refinancing arranged by Newmark (NMRK)?

Wells Fargo led the $515 million refinancing, joined by Bank of America, Barclays, Citi, Goldman Sachs and JPMorgan. According to Newmark, this diversified lending group provides a senior mortgage, B-note and mezzanine structure for Rithm Capital.

What advisory roles did Newmark (NMRK) have in Rithm Capital’s Paramount office portfolio and 31 West 52nd Street financing?

Newmark advised Rithm on the $1.6 billion Paramount office portfolio acquisition and arranged the $515 million refinancing for 31 West 52nd Street. According to Newmark, these roles support Rithm’s broader office investment and financing strategy.