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Newmark Realty Capital Celebrates Ten Years Of Dedicated Operations In Spokane

August 15, 2019

SPOKANE, WA – Newmark Realty Capital, Inc. (NRC), the largest independent mortgage banking firm in the Western U.S., marks 10 years of continuous operations in Spokane serving the commercial mortgage finance requirements of the Inland Northwest commercial real estate investment and development sectors. NRC specializes in underwriting and financing all commercial asset types from this dedicated production office; one of two offices the firm operates in Washington.

NRC established its Spokane production office in August 2009. Traditionally, the secondary and tertiary submarkets of the Northwest have been served only by firms operating from other major MSAs. The office was founded by Demetri Koston, who continues to lead the regional origination team and is the primary contact for regional client relationships.

“NRC’s clients in the Inland Northwest are in a unique position. It is highly unusual for clients in non-primary markets to have local access to highly competitive institutional capital from all over the country,” said Koston. “Our clients in the Inland Northwest benefit from a “boots on the ground” approach. NRC’s formula of having local presence and expertise combined with the company’s overall scale is a winning formula for our clients and our lenders. There is no substitution for personal relationships in this business.”

Since its 2009 launch, the Spokane office has placed hundreds of millions of dollars of quality senior debt with a variety of lenders and capital programs. The success is fueled by exceptional local clients with quality local transactions.

NRC is committed to the Inland Northwest, and intends to continue to grow the core business in the area. The company’s core business is to arrange comprehensive financing secured by commercial real estate of all types. Properties covered include apartments, retail, industrial, office, mixed-use, hospitality, etc.

Newmark Realty Capital (NRC), a privately held company based in San Francisco, is a full-service commercial mortgage banking firm with an extensive lineup of correspondent lenders utilizing the company’s production, closing and servicing capabilities. Established in 1991, NRC is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 40 states. NRC is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.

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