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Newmark, on behalf of Angelo Gordon and the WE’RE Group, has arranged a $350 million floating rate, securitized loan for the financing of 16 suburban office assets, spanning two million square feet across Long Island’s Nassau and Suffolk Counties.
The Newmark team was led by Dustin Stolly and Jordan Roeschlaub, Vice Chairmen and Co-Heads of the New York Debt & Structured Finance team. The Single Asset Single Borrower securitization was led by Barclays and Citi.
Consisting of both traditional and medical office, the portfolio is located along the North Shore of Long Island, which contains some of Long Island’s strongest submarkets.
Newmark Arranges $350 Million Loan for 16-Property Suburban Office Portfolio
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Newmark arranges $350 million loan for 16-property suburban office portfolio – New Business Ethiopia
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