February 27, 2025 9:00 AM
Newmark announces the firm has hired David Stein as Senior Managing Director, based in the firm’s New York City office. Stein joins as part of the Federal Housing Administration (FHA) group, working alongside Executive Managing Director and Head of FHA Production & Operations Kelley Klobetanz and both the Multifamily Capital Markets and Affordable Housing Advisors teams nationally.
With more than two decades of financing/lending, deal structuring, underwriting, deal management and asset management experience, Stein has placed and structured over $5 billion in capital through varying executions and capital structures. He specializes in the origination and structuring of a wide range of debt products for both market-rate and affordable multifamily property types, with a primary focus on HUD/FHA, Fannie Mae, Freddie Mac, CMBS, Life Company, Debt Funds, Bridge and floating rate debt.
“Newmark remains committed to expanding the FHA services offered to our clients,” said Sharon Karaffa, President, Multifamily Debt & Structured Finance. “David’s experience and collaboration with Newmark’s multifamily teams represents a powerful combination that will continue to drive exceptional results for our clients.”
Stein joins Newmark from PGIM Real Estate, where he led an originations team responsible for originating multifamily and healthcare finance opportunities via Fannie Mae, Freddie Mac and HUD/FHA as Executive Director. Before that, he was Senior Vice President at Oppenheimer Multifamily Housing and Healthcare Finance. Stein also spent time at Deutsche Bank Berkshire Mortgage.
“Newmark continues to be a perennial leader in multifamily lending due to its market expertise, innovative financing solutions and commitment to fostering client relationships,” said Stein. “I look forward to continuing to provide clients with opportunities within the agency financing space, while simultaneously utilizing Newmark’s robust offering of capital sources to tailor financing solutions that best align with clients’ needs.”
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 September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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