Newmark Group, Inc. is a commercial real estate advisory and services company serving institutional investors, corporations, owners and occupiers across the property life cycle. News about NMRK commonly covers investment sales, debt and structured finance, industrial and logistics portfolios, healthcare and housing transactions, and strategic advisory mandates for real estate owners and capital providers.
Company updates also include quarterly financial results, dividend declarations, credit facility actions, and changes within service lines such as Global Asset Services, infrastructure capital markets, leasing, valuation, project management and property services. These developments reflect Newmark’s role in arranging property sales, acquisition financing and asset-level advisory work across established and emerging real estate markets.
Newmark Group, Inc. (NASDAQ: NMRK) has established a $125 million sublimit line of credit to fund principal and interest servicing advances on its Fannie Mae portfolio during the CARES Act forbearance period. This line will cover 100% of advance payments at a rate of 1-month LIBOR plus 2.00%, backed by Fannie Mae's commitment. As of May 31, 2020, Newmark had $0.3 million of advances outstanding across four Fannie Mae loans in forbearance. The CFO highlighted resilient rent collections, projecting forbearance rates below industry averages.