Newmark Group, a commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announced the it has arranged a $600 million total loan package on behalf of West Shore. The proceeds support the refinancing of more than $250 million in existing debt across five stabilized properties spanning Florida, Virginia, North Carolina and Kentucky, as well as the acquisition of three multifamily assets totaling 1,496 units across South Carolina, Ohio and Florida.
Newmark represented West Shore in the transaction, which closed within 60 days. The capital stack includes a $550 million senior mortgage and a $50 million mezzanine loan originated by Citi, making it the third-largest multifamily transaction in the United States in 20251.
Citi’s market-leading capital markets team was able to price the transaction at the tightest levels achieved of any multifamily Single Asset Single Borrower (SASB) so far this
