Newmark’s Debt & Structured Finance team is a top 5 Fannie Mae and Freddie Mac lender and a recognized industry leader in multifamily financing utilizing GSE, FHA and Life Company products. We also provide CMBS products with our affiliate company, CCRE. We cover conventional and non-conventional multifamily properties, seniors housing, affordable, student and manufactured housing, hospitality, industrial, office, retail, and self-storage facilities.
Since 1989, Newmark Knight Frank and its predecessor firms have been designated under Fannie Mae’s Delegated Underwriting and Servicing (DUS™) program. In 2019, we were a top five Fannie Mae Lender. We offer competitive fixed and adjustable rate structures under the various Fannie Mae DUS™ loan programs. The loans are available for refinance, purchase or construction take-out of quality, well-located multifamily properties.
Since 1995, Newmark Knight Frank and its predecessor firms have been approved Freddie Mac Multifamily Sellers/Servicers, now known as Freddie Mac Optigo® Lenders. In 2019, we were a top ten Freddie Mac Lender. We offer competitive fixed and adjustable rate loans under the various Freddie Mac Optigo loan programs. The loans are available for refinance, purchase or construction take-out of quality, well-located multifamily properties.
Optigo Products
Conventional Multifamily Loans, Student Housing
Fixed Rate, Variable Rate (ARM), Embedded Cap ARMs, Early Rate Lock, CME
Acquisition, Refinance, Supplemental Mortgages
Interest Only, Fully Amortizing
Negotiated Transactions, including Credit Facilities and Non-Crossed Facilities
Newmark Knight Frank is an experienced lender with a dedicated FHA lending team. Under HUD’s Multifamily Accelerated Processing Program (MAP), we can provide consistent time frames for financing multifamily transactions under all of the basic FHA insurance programs. HUD’s LEAN Program provides the same benefits for healthcare transactions.
Products
Market Rate, Affordable Housing, Independent Living Facilities, Assisted Living Facilities, Nursing Homes, Board and Care Facilities
Newmark Knight Frank’s affiliate company, CCRE, provides commercial mortgage loans which primarily follow the standards set by the CMBS securitization market. The fixed rate loan program focuses primarily on assets with stable cash flows, and typically exhibits conservative loan structures including amortization, reserves, moderate loan to value (LTV) ratios, strong debt yields (DY), and debt service coverage ratios (DSCR). The floating rate program is better suited for transitional assets or with short-term cash flow volatility. Structuring and leverage are tailored to the specific needs of transaction.
Newmark Knight Frank is a recognized industry leader in conventional multifamily financing for Fannie Mae, Freddie Mac, and FHA. We provide a full range of competitively priced mortgage products for the acquisition, refinance, construction take-out, or moderate rehabilitation of multifamily communities. Financing is provided to partnerships, corporations, trusts, joint ventures, TICs, and cooperatives.
Products
Fixed-Rate
Adjustable-Rate
Acquisition Upgrade; Acquisition Rehabilitation
Streamlined Acquisition
Competitive risk-based pricing
Versatile terms, yield maintenance and amortization schedules
Through Fannie Mae and Freddie Mac, Newmark Knight Frank provides negotiated financing for multiple asset transactions. We have extensive expertise in this arena, having originated more than $10 billion in credit facilities for public, institutional and private clients.
Eligible loans include refinance, acquisition and moderate rehabilitation of large loans or a portfolio of loans for garden, mid-rise and high-rise apartments, cooperative properties, and student housing.
Benefits include:
A strategic approach to managing real estate debt capital at the portfolio level
Newmark Knight Frank is an experienced lender for all types of multifamily affordable properties. We finance properties that utilize a variety of affordable programs to profit and non-profit ownership to provide rental housing for low-to-moderate-income tenants.
Products
Tax-Exempt Bond Credit Enhancements (4% and 9%) and Taxable Financings
Low Income Housing and Historic Tax Credits
Section 236 IRP Decouplings
Project-Based Section 8
Hope VI Transactions
Refinancing/recapitalization of Section 202 projects (FHA only)
Newmark Knight Frank can provide financing for all types of seniors housing and care facilities. We have provided over $1 billion of financing in this sector. We combine our experience and products to meet all of your senior housing and care needs.
Through Fannie Mae and Freddie Mac, Newmark Knight Frank provides financing for student housing properties nationwide. Customized products provide permanent financing for the acquisition, refinance, and renovation of individual properties or portfolios of Student Housing Properties.
Eligible properties may either be specifically dedicated to student occupancy or conventional multifamily properties having a high (>20%) student occupancy. Properties may be leased either by the bed or by the unit.
