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 Beach, Port St. Lucie, Palm Bay, Davenport and Gainesville. Three properties are located along Florida’s Treasure Coast and Space Coast and were completed in 2024, benefiting from continued population and employment growth, a moderating new supply pipeline and proximity to major healthcare, aerospace, advanced manufacturing and logistics employers.
The remaining two properties include The Bradley at Lake Wilson in Davenport (shown), which benefits from access to Orlando’s employment centers, tourism corridor and major transportation infrastructure and The Marlow Gainesville, located near the University of Florida and UF Health, two of the area’s largest economic drivers.
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Lewis Group Opens Second NorCal Rental-Home Community in West Sacramento
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CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin
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Northmarq Arranges $96M Refi on SoCal Apartment Portfolio
Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton and senior investment anaylst...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout