Newmark Arranges $215.8M Loan for 5-Property Florida Multifamily Portfolio

Newmark Facilitates $215.8M in Refinancing for Waypoint Residential Multifamily Portfolio in Florida

Newmark Vice Chairman Matthew Williams and Vice President Rob Wright secured the construction takeout bridge financing through Benefit Street Partners, with support from Managing Directors James Maynard and Kyle Schlitt. “The size and complexity of this portfolio required a coordinated financing strategy across five distinct Florida markets, each with its own lease-up and stabilization dynamics,” […]

Newmark Arranges $215.8M Refinancing for Waypoint Multifamily Portfolio in Florida

TAMPA, FLA. — Newmark has arranged $215.8 million in bridge financing for a five-property multifamily portfolio in Florida. Matthew Williams, Rob Wright, James Maynard and Kyle Schlitt of Newmark arranged the construction takeout financing through Benefit Street Partners on behalf of the borrower, Waypoint Residential. The 1,274-unit portfolio comprises newly constructed properties in Vero Beach, Port St. Lucie, Palm Bay, Davenport and Gainesvil…

Newmark Arranges $215.8M Loan for 5-Property Florida Multifamily Portfolio

Newmark arranged $215.8 million in bridge refinancing for Waypoint Residential’s five-property, 1,274-unit multifamily portfolio spanning key markets throughout Florida.  Newmark’s Matthew Williams and Rob Wright secured the construction takeout bridge financing through Benefit Street Partners, with support from James Maynard and Kyle Schlitt.  The portfolio comprises five newly constructed, luxury garden-style multifamily communities in Vero ...