Newmark Arranges $600 Million Financing for West Shore Involving Eight Multifamily Properties in the Southeast and Midwest
Newmark (Nasdaq: NMRK) arranged a $600 million loan package for West Shore on Oct. 30, 2025, supporting refinancing of more than $250 million across five stabilized properties and the acquisition of three multifamily assets totaling 1,496 units.
The capital stack includes a $550 million senior mortgage and a $50 million mezzanine loan originated by Citi; the eight-property portfolio totals 3,241 units with 93.4% occupancy. The transaction closed within 60 days and is described as the third-largest U.S. multifamily transaction in 2025.
Newmark (Nasdaq: NMRK) ha organizzato un pacchetto di prestiti da 600 milioni di dollari per West Shore il 30 ottobre 2025, sostenendo il rifinanziamento di oltre 250 milioni di dollari su cinque proprietà stabilizzate e l'acquisizione di tre asset multifamiliari che sommano a 1.496 unità.
La struttura di capitale comprende una ipoteca senior da 550 milioni di dollari e un prestito mezzanino da 50 milioni di dollari originato da Citi; il portafoglio di otto proprietà ammonta a 3.241 unità con un'occupazione del 93,4%. La transazione si è chiusa entro 60 giorni ed è descritta come la terza più grande transazione residenziale multifamiliare negli Stati Uniti nel 2025.
Newmark (Nasdaq: NMRK) organizó un paquete de préstamos de $600 millones para West Shore el 30 de octubre de 2025, apoyando el refinanciamiento de más de $250 millones en cinco propiedades estabilizadas y la adquisición de tres activos multifamiliares por un total de 1,496 unidades.
La estructura de capital incluye una hipoteca senior de $550 millones y un préstamo mezzanine de $50 millones originado por Citi; la cartera de ocho propiedades totaliza 3,241 unidades con una ocupación del 93,4%. La transacción se cerró en 60 días y se describe como la tercera transacción multifamiliar más grande de EE. UU. en 2025.
Newmark (나스닥: NMRK)은 West Shore를 위해 6억 달러 규모의 대출 패키지를 2025년 10월 30일에 배치했으며, 2억 5천만 달러를 초과하는 재융자를 다섯 개의 안정화된 자산에 걸쳐 지원하고, 총 1,496 유닛의 세 개의 다가구 자산 취득을 실행했습니다.
자본 구조에는 Citi가 발행한 5억 5천만 달러의 1순위 모기지와 5천만 달러의 메자닌 대출이 포함됩니다; 여덟 자산 포트폴리오의 총 유닛은 3,241개이며 점유율 93.4%입니다. 거래는 60일 이내에 마감되었고 2025년 미국 내 세 번째로 큰 다가구 거래로 간주됩니다.
Newmark (Nasdaq : NMRK) a organisé un package de prêts de 600 millions de dollars pour West Shore le 30 octobre 2025, soutenant le refinancement de plus de 250 millions de dollars sur cinq propriétés stabilisées et l'acquisition de trois actifs multifamiliaux totalisant 1 496 unités.
La structuration du financement comprend une hypothèque senior de 550 millions de dollars et un prêt mezzanine de 50 millions de dollars émis par Citi; le portefeuille de huit propriétés totalise 3 241 unités avec une occupation de 93,4%. La transaction a été clôturée en 60 jours et est décrite comme la troisième plus grande transaction multifamiliale américaine en 2025.
Newmark (Nasdaq: NMRK) arrangierte am 30. Oktober 2025 ein Kreditpaket in Höhe von 600 Mio. USD für West Shore, das die Refinanzierung von mehr als 250 Mio. USD über fünf stabilisierte Objekte und den Erwerb von drei Mehrfamilienobjekten mit insgesamt 1.496 Einheiten unterstützt.
Die Kapitalstruktur umfasst eine 550 Mio. USD Senior-Hypothek und einen 50 Mio. USD Mezzanine-Darlehen, aufgenommen von Citi; das Portfolio aus acht Objekten umfasst 3.241 Einheiten mit einer Belegungsquote von 93,4%. Die Transaktion schloss in 60 Tagen und wird als die drittgrößte US-Mehrfamilien-Transaktion des Jahres 2025 beschrieben.
نمارك (ناسداك: NMRK) رتبت حزمة قروض بقيمة 600 مليون دولار لـ West Shore في 30 أكتوبر 2025، تدعم إعادة تمويل تفوق 250 مليون دولار عبر خمس عقارات مستقرة وشراء ثلاث أصول سكنية متعددة العائلات بإجمالي 1,496 وحدة.
يتضمن هيكل رأس المال قرضاً أولاً بقيمة 550 مليون دولار وقرضاً mezzanine بقيمة 50 مليون دولار صدر عن Citi؛ المحفظة التي تغطيها ثمانية عقارات تصل إلى 3,241 وحدة وبمعدل إشغال يبلغ 93.4%. أُغلِقت الصفقة في غضون 60 يوماً وتوصف بأنها ثالث أكبر صفقة سكنية متعددة العائلات في الولايات المتحدة لعام 2025.
- $600 million total loan package arranged
- Refinanced > $250 million of existing debt
- $550M senior mortgage plus $50M mezzanine
- Eight-property portfolio totaling 3,241 units
- Portfolio blended occupancy of 93.4%
- Closed the transaction within 60 days
- Acquired 1,496 units across three assets
- Includes a $50 million mezzanine loan (subordinate capital)
Insights
Newmark arranged a
Newmark structured a
Key dependencies and risks include execution of the financing terms and sustained leasing performance at current occupancy; the financing relies on Citi's pricing and CMBS market demand as stated and thus remains sensitive to those market conditions. Watch the integration of the three acquired assets and any disclosed financing covenants or amortization schedules over the next 12 months for refinancing risk and liquidity impact.
Newmark Executive Vice Chairman Purvesh Gosalia and Transaction Manager Hayden Hedrick represented West Shore in the transaction, which closed within 60 days. The capital stack includes a
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. Under the leadership of President Lee Rosenthal, West Shore has expanded its footprint to more than 18,500 units across nine states.
"Closing a
Citi's market-leading capital markets team, led by James Goldberg, was able to price the transaction at the tightest levels achieved of any multifamily SASB so far this year. This transaction underscores the strength of the current CMBS market and investor demand for high quality multifamily portfolios with best-in-class sponsorship.
"This financing reflects the strong demand for well-leased, institutionally managed multifamily properties, particularly in high-growth and Sunbelt-adjacent markets," said Gosalia. "The borrower was able to take advantage of a competitive debt environment to lock in a low cost of capital and generate liquidity to support further portfolio growth."
The eight-property portfolio comprises 3,241 units with a blended occupancy of
According to Newmark Research,
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 September 30, 2025, Newmark generated revenues of over
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.
1 According to Newmark Research, Real Capital Analytics
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SOURCE Newmark Group, Inc.
FAQ
What did Newmark arrange for West Shore on October 30, 2025 (NMRK)?
How is the $600 million capital stack for West Shore structured?
How many units and what occupancy does the eight-property portfolio include?
Which markets are covered by the refinanced and newly acquired properties?
How many units did West Shore acquire with this financing and across how many assets?
How quickly did the financing transaction close and who originated the mezzanine loan?
