Newmark Group (NMRK) Wednesday afternoon said it arranged a $525 million refinancing agreement for asset manager Iconiq Capital and residential hospitality company Sentral tied to a portfolio of six apartment properties with nearly 1,800 units.
The new commercial mortgage-backed security was funded by Deutsche Bank and Goldman Sachs, Newmark said.
The portfolio includes Sentral locations in Chicago, Denver, Miami, and Nashville, Tennessee, and Austin, Texas.
Price: 15.10, Change: +0.22, Percent Change: +1.44
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