Newmark Arranges $369 Million Fannie Mae Credit Facility for April Housing's Florida Affordable Portfolio
Newmark Group, Inc. (Nasdaq: NMRK) has arranged a $369 million credit facility through Fannie Mae to support the long-term preservation of an affordable housing portfolio owned by April Housing across 11 properties in Florida. The financing includes a fixed-rate draw of $221.4 million and a floating-rate draw of $147.6 million, structured as interest-only. This deal was executed under tight timelines and involved navigating complex regulatory agreements for the properties. Evan Williams, Newmark's Vice Chairman leading Affordable Housing Debt & Structured Finance, highlighted the team’s ability to deliver tailored financing solutions that meet both financial and regulatory demands. April Housing praised the collaboration with Fannie Mae and Newmark as critical in ensuring long-term affordability at these communities. The transaction underscores Newmark's role in facilitating structured finance for affordable housing projects. Newmark reported over $3.6 billion in revenue for the twelve months ending June 30, 2026, operating from more than 195 offices globally with a team of over 10,000 professionals.
Topics: commercial_real_estate Fannie Mae financing_announcement