Newmark Arranges $369 Million Fannie Mae Credit Facility for April Housing Florida Portfolio
Newmark arranged a $369 million Fannie Mae credit facility on behalf of April Housing for an 11-property affordable housing portfolio across Florida. The facility splits into a $221.4 million fixed-rate draw and a $147.6 million floating-rate draw, structured as interest-only, with a buydown on the fixed portion to maximize proceeds.
Key figures
- Deal Value Usd
- 369000000
- Properties
- 11
- Ttm revenue
- $3.6 billion
- Fixed rate draw
- 221400000
- Floating rate draw
- 147600000
- Regulatory agreements reviewed
- 24
AI analysis
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