Newmark Arranges $13.7 Million Acquisition Loan for Charlotte Townhomes

March 8, 2025 9:00 AM

Newmark announces the firm has arranged $13.725 million in acquisition financing for the purchase of Mintworth Commons, a 74-unit townhome complex. Executive Managing Director Henry Stimler and Director Ricky Warner facilitated the financing on behalf of buyer Nimes Real Estate.

The financing package locked in a favorable 5.46% all-in rate with full-term interest-only payments for the duration of the five-year loan, providing the sponsor with enhanced financial flexibility and a solid foundation for continued growth.

“By leveraging a highly competitive Fannie Mae acquisition loan, we secured an exceptionally low cost of capital for Nimes Real Estate, enabling them to move forward with confidence and financial flexibility,” said Warner. “This deal underscores Newmark’s ability to deliver tailored capital solutions that align with our clients’ long-term investment goals.”

Mintworth Commons, at 4313 Margaret Wallace Road in Charlotte, features spacious and maintenance-free three-bedroom townhomes for rent. Each unit comes equipped with high-quality finishes, steel appliances and hardwood flooring, with additional security amenities for the community including a license plate reader and security cameras.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of nearly $2.8 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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