Newmark Arranges $139 Million Financing For Newly Completed Multifamily Property In Delray
Completed between 2024 and 2025, the property comprises 420 units, offering a mix of studios, one-, two- and three-bedroom layouts, and townhomes.
Completed between 2024 and 2025, the property comprises 420 units, offering a mix of studios, one-, two- and three-bedroom layouts, and townhomes.
Newmark’s Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, Vice Chairman Nick Scribani, and Director Chris Lozinak secured the financing from Barings.
Setting a new record for a single tower, residential construction loan at $600 million, Mast Capital continues to redefine boundaries with their 80-story Cipriani-branded condominium development, slated to break ground on Tuesday.
The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office.
Plans call for a midrise design and programming for 252 residential units across studio, one, two, three and four-bedroom units as well as over 300 parking spaces.
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