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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.