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Newmark Arranges Refi of 3 Florida Multifamily Communities
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Newmark Arranges Refi of 3 Florida Multifamily Communities
Newmark arranged the $230 million recapitalization of a six-property, 1,600-unit multifamily portfolio on behalf of Slate Asset Management and ZMR Capital (“ZMR”). Three properties are in Florida, and the others are in Georgia and Arizona. The transaction includes the introduction of joint venture equity from Slate Asset Management and the placement of $169 million in senior financing from Fannie Mae. Originally slated for sale, the portfolio wa…
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