New York, October 19 (Reuters/ PRNewswire ) – Newmark Group , Inc . (Nasdaq ticker: NMRK , hereinafter referred to as “Newmark” or “the Company”) announced that it has arranged a $369 million Fannie Mae credit facility on behalf of April Housing to support the long-term preservation of a affordable housing portfolio consisting of 11 properties in Florida.
This financing includes a fixed-rate drawdown of $221.4 million and a floating-rate drawdown of $147.6 million, and was structured into an interest-only loan arrangement through Fannie Mae. Evan Williams, the Vice Chairman and Head of Affordable Housing Debt and Structured Financing at Newmark, represented April Housing in completing this financing. Senior Managing Director Ian McIntire, Director Seante Vang, as well as analysts le and Phillips also participated in this project.
Williams indicates that the successful execution of this financing reflects the stability of our relationship with April Housing and Fannie Mae, as well as the capability of our team to handle complex and affordable housing transactions under tight timelines. Through highly coordinated efforts, we provided customized solutions that not only supported financing returns but also met numerous regulatory requirements, helping these communities achieve long-term affordability.
The transaction faced several complexities, including reviewing and analyzing 24 separate regulatory agreements involving 11 properties, and requiring a very fast turnaround time from application to closing. Furthermore, the reduced-rate buyout of the fixed-rate portion helped maximize financing returns and support the overall financing strategy. Newmark's Investor Solutions services include affordable housing debt and structured finance, as well as capital markets operations.
April Housing Senior Vice President of Capital Markets, Naveen Agrawal, stated: "Through the first-class credit arrangements provided by the Fannie Mae and Newmark teams, April Housing is able to ensure the long-term affordability of these communities. We are grateful for the continuous cooperation and support of Fannie Mae and Newmark."
About Newmark
Newmark Group, Inc (Nasdaq: NMRK) and its subsidiaries (collectively referred to as “Newmark”) are global leaders in commercial real estate consulting and services for large institutional investors, other owners, global enterprises, and lenders. Newmark is goal-oriented and strives for excellence; its comprehensive platform provides clients with uniquely tailored and high-quality results. In the 12 months ending June 30, 2026, Newmark generated revenue in excess of $3.6 billion. As of June 30, 2026, Newmark and its business partners had over 195 offices on four continents, with more than 10,000 professionals. For more information, please visit nmrk.com or follow @newmark.
About April Housing
April Housing is one of the largest affordable housing ownership and preservation organizations in the United States. Since 2024, the organization has successfully completed the preservation of over 3,650 units of affordable housing nationwide, with more than 700 units alone in Florida in the past year.
