Newmark Arranges $400 Million Financing Facility for PORT 32 Marinas

Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces that the firm has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark's Co-Head, Global Debt & Structured Finance Jordan Roeschlaub and Vice Chairman Chris Kramer, in collaboration with Co-Head, Global Debt & Structured Finance Jonathan Firestone arranged the financing, which was provided by the Austria-based bank, BAWAG Group.

"This funding underscores the robust and sustained demand for premier coastal marinas throughout the Eastern U.S.," said Roeschlaub. "The transaction reflects a forward-looking strategy that leverages the unique appeal of coastal marinas as essential infrastructure for both recreation and commerce and is a testament to both the strength of the asset class and its long-term growth potential."