Newmark arranges $369 million Fannie Mae credit facility for April Housing’s Florida portfolio
Newmark Group secured a $369 million Fannie Mae credit facility on behalf of April Housing to fund 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 was structured as an interest‑only loan. The transaction required review of 24 separate regulatory agreements across the properties and included a buydown on the fixed‑rate portion to maximize proceeds. April Housing said the financing will help preserve long‑term affordability in the communities.
Why it matters
The company expects the deal to boost its fee income from complex agency‑backed affordable‑housing financings. The facility also supports the preservation of more than 3,650 affordable homes that April Housing has saved since 2024.
Key facts
- 1Newmark arranged a $369 million Fannie Mae credit facility for April Housing. stocktitan.net
- 2The facility includes a $221.4 million fixed‑rate draw. prnewswire.com
- 3The facility includes a $147.6 million floating‑rate draw. prnewswire.com
- 4The financing covers an 11‑property affordable‑housing portfolio in Florida. stocktitan.net
- 5The transaction required review of 24 separate regulatory agreements. stocktitan.net
- 6April Housing has preserved more than 3,650 affordable homes since 2024. stocktitan.net
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.