Newmark Secures $565 Million Loan for 26-Property, 9-State Parking Facility Portfolio
CHICAGO , June 23, 2021 |PRNewswire| -- Newmark, on behalf of InterPark Holdings (InterPark), announces the placement of a $565 million, five-year loan secured by a portfolio of 26 cross-collateralized parking facilities located in nine U.S. cities, including Chicago , Philadelphia , St. Louis and Boston . Executive Managing Director Joel Simmons of Newmark''s Debt and Structured Finance Group arranged the financing. The loan was placed with Apollo Global Management (Apollo) on behalf of the company''s externally managed mortgage REIT, Apollo Commercial Real Estate Finance Inc. (NYSE: ARI ), and Apollo''s insurance platform. Full story available on Benzinga.com
Newmark Secures $565 Million Loan for 26-Property, 9-State Parking Facility Portfolio
CHICAGO , June 23, 2021 |PRNewswire| -- Newmark, on behalf of InterPark Holdings (InterPark), announces the placement of a $565 million, five-year loan secured by a portfolio of 26 cross-collateralized parking facilities located in nine U.S. cities, including Chicago , Philadelphia , St. Louis and Boston . Executive Managing Director Joel Simmons of Newmark''s Debt and Structured Finance Group arranged the financing. The loan was placed with Apollo Global Management (Apollo) on behalf of the company''s externally managed mortgage REIT, Apollo Commercial Real Estate Finance Inc. (NYSE: ARI ), and Apollo''s insurance platform. Full story available on Benzinga.com