Newmark arranges $369 million Fannie Mae credit facility for April Housing’s Florida affordable‑housing portfolio
Newmark Group organized a $369 million credit facility from Fannie Mae on behalf of April Housing to finance an 11‑property affordable‑housing portfolio in Florida. The facility is split into a $221.4 million fixed‑rate draw and a $147.6 million floating‑rate draw and is structured as an interest‑only loan. Newmark’s affordable‑housing finance team handled the transaction, reviewing 24 regulatory agreements across the properties and applying a buydown on the fixed‑rate portion. April Housing said the financing will help preserve long‑term affordability for the communities.
Why it matters
The new credit line provides April Housing with the capital needed to maintain affordability in its Florida assets, reducing the risk of property loss or conversion. For Newmark, the deal adds fee revenue and showcases its capability to execute complex, agency‑backed financing, which may attract similar assignments.
Key facts
- 1The credit facility totals $369 million. stocktitan.net
- 2It consists of a $221.4 million fixed‑rate draw and a $147.6 million floating‑rate draw. prnewswire.com
- 3The financing covers an 11‑property affordable‑housing portfolio in Florida. stocktitan.net
- 4Newmark’s team reviewed 24 separate regulatory agreements for the 11 properties. prnewswire.com
- 5A buydown on the fixed‑rate portion was used to maximize proceeds. stocktitan.net
- 6Newmark generated more than $3.6 billion in revenue for the twelve months ended June 30 2026. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.