$16,700,000 for School Of Science in San Antonio, TX

APRIL 15, 2019

SAN FRANCISCO, CA – Newmark Realty Capital, Inc. (NRC), the largest independent commercial mortgage banking firm in the U.S., has arranged $16,740,000 for the School of Science & Technology in San Antonio. The new facility for Riverwalk Education Foundation will feature 67,000 sf and is expected to open this fall. This facility will have an immediate enrollment of 400 students with the capacity to enroll another 400 students.

Tom Dao, Vice President, of Newmark’s San Francisco office, worked with the borrower in arranging the 5-year construction loan. The loan is also interest-only (until school pays rent), which will be followed by a 30-year amortization.

Newmark Realty Capital, Inc. (NRC), a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark 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. Newmark 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.

$47,800,000 for Six Unique Transactions in Phoenix, AZ

PHOENIX, AZ – Newmark®, the largest independent commercial mortgage banking firm in the U.S., has arranged $47.8 million of financing for eight individual properties in six unique transactions in three different states.

Tim Storey, Principal, and Chad Metzger, Associate, of Newmark’s Phoenix office and Tom Dudley, Principal Emeritus, collaborated with the six independent borrowers in securing the appropriate loans for each property’s investment requirements through correspondent life lenders, banks and CMBS sources. Transactions included properties in Arizona, Texas and North Carolina.

According to Tim Storey, “Lender appetite for quality real estate with vetted sponsorship remains strong nationally across primary, secondary and tertiary markets. Here in Arizona, we continue to see a high level of lender allocations in 4Q2018 for assets across the board including industrial, multifamily, office and even retail assets. Similarly, in the national marketplace we are finding our clients multiple options for capital solutions at historically low rates for all asset types. Our teams specialize in telling specific asset stories that find the right lender through comprehensive underwriting and realistic market analysis.”

Class A Industrial (Storey/Dudley/Metzger): $10.5M for 140,000 sf class A industrial (Chandler, AZ)
LA Fitness (Storey/Dudley/Metzger): $7M for 60,000 sf retail (Chandler, AZ)
Industrial Business Center (Storey/Dudley/Metzger): $4.5M for 54,372 sf industrial (Phoenix, AZ)
Hipp Portfolio (Storey/Metzger): $14 million for 115,000 sf Medical Office (Phoenix, AZ) and 63,200 sf Industrial (Charlotte, NC)
305 Huntland (Storey/Metzger): $6.8M for 46,155 sf class B office (Austin, TX)
Mesa Corporate (Storey/Metzger): $5M for 106,000 sf class B office (Mesa, AZ)

Newmark, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark 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 42 states. Newmark 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.

$29,500,000 for Two Office Buildings in Bellevue, WA

APRIL 18, 2018

SEATTLE, WA – Newmark®, the largest independent commercial mortgage banking firm in the U.S., has secured $29.5 million in financing for two office properties located in Bellevue, Washington.

Brian Bonipart, Vice President, along with Michael Taylor, Principal, and Skip Slavin, Vice President of Newmark’s Seattle office, worked exclusively with Spire Real Estate, L.P., a subsidiary of Vancouver-based Nicola Crosby Wealth Management, in arranging the long-term financing through two correspondent lenders.

Mercer Pointe – Bellevue, WA ($15 MM)

Newmark arranged $15 MM in financing for the purchase of Mercer Pointe, a single-tenant office building located in the Bellefield Office Park, five minutes from the Bellevue Central Business District. The 71,329 sf, class-A building is 100% net-leased to OfferUp.com, a rapidly growing Seattle-based online marketplace. Spire Real Estate worked closely with Newmark in arranging the 25-year, fully amortizing, full-recourse loan, which Newmark will service.

Swift Gateway – Bellevue, WA ($14.5 MM)

Located southeast of downtown Bellevue, Newmark secured $14.5 MM in financing for the off-market purchase of Swift Gateway, a 68,766 sf multi-tenant office building. The three-story, class-A building was recently renovated in 2016. The Newmark team was able to negotiate a highly competitive rate with a 5-year term, 30-year amortization, non-recourse loan with one of its correspondent lenders.

About Spire Real Estate

Spire Real Estate LP owns an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in approximately 14,000 multi-family units located in the South and Southeast US.

About Newmark

Newmark, a privately held company based in San Francisco, is a full-service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $10 billion represents over 1,200 loans located in 40 states. Newmark 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.

$25,500,000 for East Olive Apartments in Seattle, WA

MARCH 26, 2018

SEATTLE, WA – Newmark, the largest independent commercial mortgage banking firm in the U.S., has secured $25,500,000 in financing for 1111 East Olive Apartments located in Seattle, Washington. Working on an exclusive basis for the borrowers, Michael Taylor, Principal, and Patrick Taylor, Associate of Newmark’s Seattle office, arranged the 15-year term financing through Aegon Real Assets US.

Meriwether Partners developed the project for the long-time land owners, consisting of 80 apartment units over ground floor retail. The apartments are situated on floors 2 through 6, which includes a rooftop deck, conference room, gym, secured bicycle storage, and parking for 69 vehicles. The ground floor retail will include a corner coffee shop, and the new home of the Richard Hugo House, a non-profit center for supporting writers.

“The developer was looking to take advantage of the interest rate environment and lock up the permanent financing to take out their construction loan.” said Mike Taylor of Newmark. “Aegon Real Assets US was able to accommodate that request at very attractive loan terms and fund the loan as soon as the property received its Certificate of Occupancy before any significant leasing had occurred.”

About Aegon USA Realty Advisors, LLC (Aegon Real Assets US)

Aegon Real Assets US is a fully integrated real estate asset manager that has provided real estate investment services to institutional clients for more than three decades. Aegon Real Assets US provides real estate asset management and advisory services – including tax credit investments, commercial mortgage loans, affordable housing debt, and various other private equity and debt products – to affiliate and unaffiliated institutional clients. The firm has established a distinguished reputation in the real estate industry for its diverse real estate expertise and strong investment performance. Aegon Real Assets US is a part of Aegon Asset Management, which is an international asset management organization based in The Hague, with offices across North America, Europe and Asia. For more information, visit aegonrealty.com.

About Newmark

Newmark a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $10 billion represents over 1,200 loans located in 40 states. Newmark 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.

$39,350,000 for Four Arizona Assets in Phoenix, AZ

JANUARY 4, 2018

PHOENIX, AZ – Newmark®, the largest independent commercial mortgage banking firm in the U.S., has secured $39.35 million in financing for four separate commercial properties located throughout Phoenix, Mesa, and Gilbert, Arizona. Tim Storey, Principal, and Chad Metzger, Associate Vice President, worked on behalf of the four borrowers in arranging the financing through various capital sources.

Recent Transactions Include:

-Heritage Marketplace ($15.75 MM) – Newmark has arranged permanent financing in the amount of $15.75 MM for a mixed-use retail/office development located in downtown Gilbert, AZ within the Heritage District. The subject property won the 2016 RED Award for “Best Mixed-Use Project” in the greater Phoenix area. Newmark arranged the 10-year, non-recourse financing with one of its CMBS relationships.

-Jacinto Place Apartments ($11.40 MM) – With an apartment community being built on approximately 5.37 acres, Newmark arranged construction-to-permanent financing for Jacinto Place Apartments in the amount of $11.40 MM. The property will consist of 104 Class-A rental units and is scheduled to be completed in late 2018. Newmark arranged the construction-to-permanent financing with one of its life company lenders, making it the second construction-to-permanent loan arranged for this borrower and lender.

-Clocktower Corporate Center ($7.5 MM) – $7.5 MM in permanent financing was arranged for the acquisition of a 110,000 sf Class-B office building located near South Mountain and Interstate 10 in Phoenix. Originally built in 1987, the property recently completed extensive renovations and is currently 98% occupied. Newmark arranged the 20-year, non-recourse financing with one of its life company correspondent lenders.

-Gateway Executive Center ($4.7 MM) – Located within the 44th street Corridor in Phoenix, Newmark arranged $4.7 MM in permanent financing for the acquisition of Gateway Executive Center, a 40,000 sf Class-B office building. The property features excellent frontage along 44th street and immediate freeway access to the Loop 202 and State Route 143. The building was built in 2006 and is currently 100% occupied by six tenants. Newmark arranged the 7-year, non-recourse financing with one of its life company correspondent lenders.

Newmark, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $10 billion represents over 1,200 loans located in 40 states. Newmark 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.

$41,000,000 for Creative Office Campus in Culver City, CA

LOS ANGELES, CA – Newmark™ LOS ANGELES, Calif. (July 31, 2017) – On behalf of Los Angeles-based property owner and operator Olive Hill Group, Newmark has arranged $41 million in fixed-rate refinancing for its Courtyard at Culver Pointe, a Class-A creative office campus in the rapidly growing Culver City submarket of Silicon Beach. The $41 million loan was financed through a life insurance company represented by Newmark Realty Capital. The loan was structured with a ten-year fixed-rate term, seven-year interest-only period followed by a 30 year amortization. An earn-out, allowing up to $10 million in additional funding, is also available during the term of the loan as certain net operating income thresholds are met. The financing was arranged by Principal Andy Bratt and Vice President Amit Tyagi of Newmark™.

Olive Hill Group acquired the office buildings for $65.6 million in May 2016 and recently launched a major redevelopment and rebranding of the property to The Courtyard at Culver Pointe. The redevelopment will include upgraded seating areas throughout the courtyard, food truck loading zones, a bocce ball court, and a new on-site gym facility, among others.

“The Courtyard at Culver Pointe’s prime location, strong occupancy, and quality tenant mix made this an attractive property to finance,” explains Newmark’s Amit Tyagi. “The challenge, however, was identifying a lender that understood the asset’s long-term investment potential. Lenders typically look for consistency in historical operating statements and had initial reservations with the recent ramp up in net operating income.”

To combat this challenge, Newmark Realty Capital, together with Olive Hill Group, leveraged their local market expertise to prove that the current rent levels were sustainable and on-par with market values. In addition, Newmark Realty Capital prepared a pro-forma outlook and provided a number of rental comps to justify the projected rents that the property would achieve upon completion of the extensive renovations.

Newmark, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 60 employees in regional offices throughout the western United States. The company services nearly $10 billion representing over 1,100 loans located throughout the country. Newmark 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.

$325,000,000 for Mixed-Use Tower in Seattle, WA

JANUARY 31, 2017

SEATTLE, WA – Newmark™, the largest independent commercial mortgage banking firm in the western United States, has structured and secured $325 million of development funding for a 41-story mixed-use multifamily and hotel tower located in the Belltown submarket of downtown Seattle. The project financing includes a $225 million joint-venture partnership and a $100 million construction-to-permanent loan to develop the as yet-to-be-named property, formerly known as Potala Tower.

“This was an extremely complex capital stack and deal structure with many moving parts. The project faced numerous hurdles, including salvaging the principal of original investors who are now represented by the new joint venture. Newmark has decades of experience in arranging complex financing and creating joint ventures for institutional investors, and we applied that experience and stewardship to resurrecting this unique project. We had a talented and dedicated team of people involved in making this transaction a reality.”

-George Mitsanas, Principal of Newmark

Due to circumstances concerning the original developer of the project, the project was put under the control of a court-appointed receiver and construction was suspended on the project for approximately one year. The joint-venture development partnership, arranged by Newmark, acquired the property from the court-appointed receiver in October 2016. Construction has resumed at the project and is now underway, with Denver, CO-based PCL as the general contractor and project design from Seattle’s Weber Thompson architects. The tower will feature 339 apartment units, 142 hotel rooms, and 1,824 SF of ground floor retail space. The project is designed to meet the LEED silver certification standard and is expected to be completed by August 2018.

The Newmark team was led by George Mitsanas, Principal, Peter Hillakas, Vice President, and Doug Tisdale, Associate, from Newmark’s Los Angeles office. Joining them in completing this transaction was Mike Taylor, Principal, and Patrick Taylor, Associate, from Newmark’s Seattle office. The $100 million construction-to-permanent loan was placed with two of Newmark’s correspondent life insurance company lenders on a pari-passu basis with each lender providing $50 million in financing. The 7-year construction-to-permanent loans will be interest-only for a period of time and later amortized over 30 years. Both loans will be serviced by Newmark.

“Both our development team, lending group, and all third-party professionals involved were fantastic companies and people to deal with throughout the process. A first-class group of professionals! This project will also be a significant job creator both during construction and once completed,” said George.

About Newmark:
Newmark, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 60 employees in regional offices throughout the western United States. The company services nearly $10 billion representing over 1,100 loans located throughout the country. Newmark 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.

$15,500,000 for Verizon Wireless Call Center in San Diego, CA

Newmark Realty Capital, Inc. has arranged the refinancing of a Verizon Wireless Call Center located in Chandler, Arizona. The property consists of a 170,647 square foot, two-story tilt-up building located in Chandler, Arizona. Jamie Dick, Vice President of Newmark’s San Diego office, assisted by Production Associate Jay Dick, arranged the refinancing for the borrower, a private investment company in Southern California. The lender is an east coast based institutional lender. All other terms and conditions were not disclosed. Chandler is located in Maricopa County, Arizona, which is a prominent suburb of the Phoenix Metropolitan Statistical Area. It is bordered to the north and west by Tempe, to the north by Mesa, to the west by Phoenix, to the south by the Gila River Indian Community, and to the east by Gilbert. As of July 2012, the population was 240,101 according to the United States Census Bureau. Computer chip manufacturer Intel has had an influential role in city growth strategies with four locations in the municipal area, including its first factory to be designated “environmentally sustainable” under current Leadership in Energy and Environmental Design (LEED) criteria. Other high-technology manufacturing firms have partnerships with the local government, with their operations employing approximately twenty-five percent of non-government workers in 2007. Since the early 1990s, the City of Chandler has experienced exponential growth, ranking among the fastest-growing municipalities in the country. Indeed, nearly 100,000 homes dot the landscape today and the population has surged to more than 238,000 residents. The heart of Chandler remains its revitalized historic downtown, which includes the award-winning Chandler City Hall and a Center for the Arts. In 2010, Chandler was named as an All-America City, bestowed by the National Civic League. In 2012, the City celebrated its 100th Birthday. Newmark Realty Capital, Inc. is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $8 billion representing 900 loans. Newmark has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation. For more information on this transaction please contact Jamie Dick at (858) 793-8400 or Michael Heagerty at (415) 956-9854.

$38,600,000 for Office Building in Palo Alto, CA

Newmark Realty Capital, Inc. arranged financing in the amount of $38.6 million ($850/sf) for Menlo Equities on a 45,319 square foot Palo Alto office building that was converted to an internet exchange. The property is strategically located in downtown Palo Alto, a critical nexus at the heart of Silicon Valley. The loan terms are 10-year, fixed rate, amortized over a 30-year schedule after a five and one-half year interest-only period. The loan is non-recourse. Eric Von Berg, Principal, and Tom Dao, Associate, at Newmark Realty Capital, sourced the loan through Wells Fargo’s CMBS program. “We were pleased with the execution on this financing.” Said Kevin Kujawski, CFO for Menlo Equities. “For several reasons, this financing needed to go the conduit route. Newmark was able to offer several CMBS choices, where Newmark retains the Primary Servicing roll for the life of the loan. That was important to us. The loan was placed quickly and the closing went very smoothly.” Newmark Realty Capital as Primary Servicer is working through Wells Fargo as the Master Servicer. In this type of servicing arrangement, Newmark performs all of the functions they perform for their life insurance servicing clients; holding and releasing escrows, reviewing new leases, making routine property inspection, conduction tax and insurance reviews, etc. As Primary Servicer, Newmark remains the borrower’s principal point of contact with Newmark working with the Master and Special servicer on unusual items that require higher levels of approval. Newmark Realty Capital, Inc. is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $8 billion representing 900+ loans. Newmark is rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation. For more information on this transaction please contact Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854. By Joe Gose A $38.6 million conduit refinancing of 529 Bryant St. in Palo Alto that provided owner Menlo Equities the opportunity to take a long-term position in a coveted downtown property represents a harbinger of the commercial real estate lending environment. Not only does it signal the willingness of commercial mortgage-backed securities (CMBS) lenders to more aggressively go after deals, but it also highlights an effort to improve loan servicing, which has largely been a source of angst among borrowers that have tapped CMBS debt over time. Palo Alto-based Menlo Equities, in fact, wanted to secure a loan from a portfolio lender such as a life insurance company due to its past experiences with CMBS loans and servicers, said Eric Von Berg, a principal in the San Francisco office of mortgage banker Newmark Realty Capital, Inc., which facilitated the CMBS loan through Wells Fargo Bank. Yet given the pricey neighborhood, it became apparent that a conduit loan was the best option available for the company, which wanted to pay off investors amid its aim to take a long-term stake in the 84-year-old building. The 45,319-square-foot property, also referred to as the Palo Alto Internet Exchange, went through a major renovation a decade ago after becoming an Internet colocation data center and Internet exchange in 1996. While a life insurance company was willing to lend $599 per square foot in proceeds on the property, Von Berg said, it wanted fast amortization to protect its exposure at lease expiration. According to a prospectus filed with theSecurities and Exchange Commission, Redwood City-based colocation and data center provider Equinix, Inc. holds a master lease in the building until May 2025 (and one 10-year extension option) and subleases the space to other tenants. Alternatively, Wells Fargo provided financing totaling $850 per square foot, he said. Additionally, the 10-year loan features a 30-year amortization schedule, a 70.2 percent loan-to-value ratio, a 4.47 percent interest rate and five-anda- half years of interest-only payments. That’s a significant departure from five years ago when CMBS lenders would not consider financing the building, he said. “It’s just night and day how the CMBS world has changed over the last five years,” Von Berg added. “Downtown Palo Alto properties are hard to find, so it made a lot of sense to hold this property for the long term.” Newmark Realty’s intent to assume the role of primary servicer after the loan was bundled and sold with other mortgages also served as a key to locking down the transaction, said Von Berg and Kevin Kujawski, CFO for Menlo Equities, a privately held commercial real estate investor and developer focused on value add properties in technology markets. “Newmark was able to offer several CMBS choices, where Newmark retains the primary servicing role for the life of the loan,” Kujawski said in a statement. “That was important to us.” Newmark Realty has built up its servicing business over the last few years and oversees a servicing portfolio of more than $8 billion. It bills the service as a new business model in which Newmark Realty essentially oversees a CMBS loan from placement to the last loan payment. While other mortgage banks may offer similar services in other parts of the country, Von Berg said that Newmark Realty is virtually the only one providing it in the California, Washington, Nevada and Arizona markets. The primary servicer’s role typically includes reviewing leases, taxes and insurance, conducting annual inspections and handling borrower requests, among other functions. CMBS borrower gripes about servicers in the past have stemmed from the notion that the servicers have often acted more like debt collection agencies and were ill-suited to handle all the moving parts associated with a commercial property, Von Berg said. What’s more, he added, servicers generally land the job by being the lowest bidder and have largely been considered unresponsive to borrower needs. He likened the situation to the buyer of an expensive high-performance sports car that later discovers that warranty work must be done by a cut-rate mechanic—whose primary business might be repossessions—that happened to be the lowest bidder among a pool of similar shops. “So many real estate investors have wrestled with the headaches of dealing with servicers over the life of their loan,” Von Berg said. “The general real estate community found it to be an untenable situation.”

$19,500,000 for Two Anchored Shopping Centers in San Diego, CA

Newmark Realty Capital, Inc. assisted with the refinancing of two shopping centers, including the coordination of a defeasance process for one of the original loans. The properties consist of a 49,311 square foot Petco anchored shopping center located in the Grantville neighborhood of San Diego, California, and a 96,624 square foot Ralphs Fresh Fare shadow-anchored shopping center located in Indio, California.

Jamie Dick, Vice President of Newmark’s San Diego office, assisted by Production Associate Jay Dick, coordinated the refinancing and defeasance processes for the borrower, a private investor in Southern California. The lender is a national bank. All other terms and conditions were not disclosed.

Grantville is one of the oldest communities in San Diego and the state of California. Mission San Diego de Alcalá was moved in 1774 to what is now the Grantville area. The restored mission is listed on the National Register of Historic Places and is a major landmark and tourist destination in Grantville. Primarily a commercial and light industrial neighborhood, Grantville contains businesses ranging from recording studios to a Home Depot, as well as dozens of small retail business, service firms, and factories. The Kaiser Permanente Hospital and its associated clinics and offices are a major employer. Grantville is home to several craft breweries including San Diego Brewing Company, Benchmark, and Groundswell.

Indio, a city in Riverside County, California, is located in the Coachella Valley. It lies 23 miles east of Palm Springs, 77 miles east of Riverside, and 127 miles east of Los Angeles. Indio is about 98 miles north of Mexicali, Baja California on the U.S.-Mexican border. The two major sectors of the local economy are year-round agriculture and tourism, although the majority of tourist activity is seasonal between October and May. Because of the numerous festivals and special events held annually in Indio, the Chamber of Commerce deemed Indio’s official nickname to be “The City of Festivals.” Indio’s most well-known festivals are the annual Coachella Valley Music and Arts Festival, and the country music oriented Stagecoach Festival.

Newmark Realty Capital, Inc. is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $8 billion representing 900 loans. Newmark has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation.

For more information on this transaction please contact Jamie Dick at (858) 793-8400 or Michael Heagerty at (415) 956-9854.

$91,000,000 for Retail Portolio in Seattle, WA

Newmark Realty Capital, Inc. has arranged permanent financing in the amount of $91,000,000 on a portfolio of 13 retail properties located throughout the greater Seattle area for a private investor.

The 500,000 square foot portfolio of properties includes four grocery anchored centers and several well-located neighborhood retail properties. Properties within the portfolio range from QFC, Albertson’s and Whole Foods anchored shopping centers to a single tenant bank branch.

Michael Taylor, Dan Lowen and Patrick Taylor in Newmark’s Seattle office, worked together to arrange the financing for the property owners through Principal Real Estate Investors, one of the largest institutional real estate investors in the United States.

“We were attracted to the strong geographic and leasing characteristics of the 13 properties in this portfolio very early on in the process,” said Jeremy Driscoll, Investment Officer at Principal Real Estate Investors. “The Newmark team, borrower and our staff did an excellent job, ensuring everything went smoothly from start to finish.”

Because of the low leverage loan request, strong sponsorship and quality of the assets, there were multiple lenders interested in providing the financing. “Principal Real Estate Investors pursued the loan from the start,” said Mike Taylor, a principal with Newmark, “The borrowers had a very high level of confidence that Principal Real Estate Investors would get the deal funded per the terms quoted. All sides were very happy with the transaction.”

Principal Real Estate Investors manages or sub advises $38.4 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

Newmark Realty Capital, Inc. is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in November 1991, Newmark originates loans through seven regional offices throughout the western United States. The company services a portfolio of over $6.5 billion with nearly 800 loans. Newmark has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation.

For more information on this transaction please contact Michael Taylor at (206) 816-6816, Patrick Taylor at (206) 816-6808, Dan Lowen at (206) 816-6805 or Michael Heagerty at (415) 956-9854.

$527,000,000 for GSA Portfolio Financing in Los Angeles, CA

Newmark Realty Capital, Inc. has arranged $271,000,000 in construction and $256,000,000 in permanent financing for an 880,523 square foot, four-building portfolio of office/industrial buildings leased by the US Government.

Working on an exclusive basis, George H. Mitsanas, a Principal of Newmark, along with Associate Vice President, Peter Hillakas, arranged the financing with a correspondent pension fund. Both the construction and permanent loans will be serviced by Newmark. Specific terms of the financing were not disclosed. The properties consist of the new National Archive and Records Administration Headquarters in St. Louis, MO and three new Regional FBI facilities located in Cincinnati, OH, Minneapolis, MN and Portland, OR. The St. Louis Headquarters will be the largest national archives facility outside of Washington D.C. housing documents on both military and civil service employees.

Due to the numerous parties involved and the complexities of each location, the first financing closed in the 4th Quarter of 2009 with the final property closing in October 2010. Challenges in the transaction included a ground lease, option on a facility bond and tight timeframes upon awarding the contract. Completion dates are estimated to be June 2011 through June 2012. According to local officials in the four states where the projects are located, on a cumulative basis, the portfolio will generate several thousand construction jobs and a similar amount of permanent jobs once the facilities are opened. According to Mr. Mitsanas, “We dealt with a first class family owned development company and a top notch general account pension fund who succeeded where others previously failed. Although our firm has provided capital for many portfolios throughout the years, capitalizing this transaction in today’s weak economy is particularly special due to the number of jobs it created.”

With offices in Los Angeles, San Francisco, Irvine, Sacramento, Seattle, Las Vegas and Phoenix, Newmark Realty Capital, Inc. is a privately held full-service commercial mortgage banking firm that provides financing for income-producing properties. Newmark originates and services loans for its correspondent lenders and other insurance companies, pension funds, Wall Street conduits, and commercial banks which are considered among the strongest and most active institutions in the real estate capital markets. Newmark is a S&P rated servicing company. In addition to credit lease transactions, Newmark has extensive experience in providing capital for office, retail, industrial, hospitality and multi-family projects.

For more information on this transaction please contact George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.

$130,000,000 for John Hancock Life Insurance in Seattle, WA

Newmark Realty Capital, Inc. has been appointed as a loan correspondent for John Hancock Life Insurance Company (U.S.A.) in the Seattle metropolitan area. After arranging financings of nearly $130,000,000 with John Hancock during 2008 and 2009, Newmark’s Seattle office was appointed as a formal non-exclusive loan correspondent. Newmark will provide loan servicing functions on Hancock’s behalf as well as continue to source new lending opportunities. Michael Taylor, a Principal with Newmark in its Seattle office, who was responsible for arranging the recent loans with Hancock stated, “The people at John Hancock have been great to work with. Their process is very user-friendly and our clients for whom we have arranged loans with Hancock have been very pleased with the experience. We look forward to building upon the success we have had thus far with John Hancock with our expanded role as a loan correspondent in our markets”. According to Susan Pickrell at Hancock, “Hancock has been very pleased with the quality assets we have had the opportunity to finance through Newmark, and this new relationship should facilitate the continuation of that trend into the future.” John Hancock comprises one of the largest life insurers in the United States, and one of the largest worldwide when combined with its parent company, Manulife Financial Corporation. The Company offers a broad range of financial products and services, including life insurance, annuities, mutual funds, 401(k) plans, long term care insurance, college savings, and other forms of business insurance. The Real Estate Finance Group invests money nationally, on behalf of the Company’s General Account. At year end 2009, the Group managed a portfolio in excess of $12 billion. With offices in Seattle, San Francisco, Sacramento, Los Angeles, Irvine, Las Vegas and Phoenix, Newmark Realty Capital, Inc. is a full-service mortgage banking firm with a strong lineup of correspondent lenders utilizing Newmark.s production, closing and servicing capabilities. Established in November 1991, Newmark is currently staffed by over 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 loans. Newmark has been rated as a Primary Servicer by Standard and Poor.s and is one of a select few non-bank / non-insurance chartered companies with this designation. For more information please contact Michael Taylor at (206) 816-6816 or Michael Heagerty at (415) 956-9854.

$3,705,800 for Three NNN Lease Investments in San Francisco, CA

Newmark Realty Capital, Inc has arranged permanent financing in the amount of $3,705,800 for three single-tenant NNN leased investments located in California and New Mexico. Robert Slatt, a Vice President in Newmark’s San Francisco office, secured financing for the three properties through national and regional credit unions and a regional bank. The first property, a Romano’s Macaroni Grill restaurant, is located in Folsom, CA. The acquisition financing was structured with a regional bank on a ten-year loan term with the initial interest rate fixed for five years on a twenty-five year amortization schedule. The subject property consists of a 7,000 SF building located as an outparcel to a Home Depot anchored power center. The total debt on the property equaled $1,420,800 representing a 60% loan to value. The second property, a Sweet Tomatoes restaurant, is located in Albuquerque, NM. The permanent refinance was structured with a national credit union on a five-year loan term with a five-year fixed interest rate on a thirty-year amortization schedule. The subject property is a 7,295 SF free standing building located on a main thoroughfare in Albuquerque. The refinance totaled $1,265,000 representing a 70% loan-to-value. The final property, a free standing Burger King restaurant, is located in Hayward, CA. The acquisition financing was structured with a regional credit union on a five-year loan term with a five-year fixed interest rate on a thirty-year amortization schedule with no prepayment penalty. The subject property is a 2,670 SF building located directly adjacent to two of Hayward.s major arterial thoroughfares. The total debt on the property equaled $1,020,000 representing a 60% loan-to-value. With offices in San Francisco, Sacramento, Los Angeles, Irvine, Seattle, Las Vegas, and Phoenix, Newmark Realty Capital, Inc. is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in November 1991, Newmark is currently staffed by over 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 loans. Newmark has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation. For more information on these transactions please contact Robert Slatt at (415) 946-6246 or Michael Heagerty at (415) 956-9854.

$104,000,000 for Water Authority’s New Headquarters in Las Vegas, NV

Newmark Realty Capital, Inc. has arranged permanent financing in the amount of $104,000,000, with a 10 year term, for a 280,000 SF Class “A”, 17 story high rise office tower, located in Las Vegas, Nevada. During 2005, Newmark also assisted with a $96,000,000 construction loan for this asset. Acting as the borrower’s exclusive mortgage banker, Newmark arranged the permanent financing through its servicing correspondent, JP Morgan Real Estate and the construction financing through Wells Fargo Bank. The assignment was headed up by George Mitsanas and the Newmark team included Christopher Funai and Peter Hillakas. The subject property is located in downtown Las Vegas, adjacent to the recently completed IRS Regional Headquarters. The property is a LEED (Leader in Energy & Environmental Design) Gold certified office building. The anchor tenant is the Southern Nevada Water Authority (SNWA), which is responsible for managing the region’s water resources and ensuring adequate water supplies for the Las Vegas Valley. Other tenants include prominent national law firms, government agencies and 24 Hour Fitness. The structure of the financing included three notes and a mezzanine overlay. According to Mr. Mitsanas, “The subject property is Nevada’s premier office building anchored by one of the most important agencies in the western United States. The developer is among the best in our industry. They did a first class job with this project and also spent the extra funds needed to achieve LEED status which will hopefully set an example for others in our industry to follow.” With regard to the actual financing, Mr. Mitsanas added, “The permanent loan was secured on a forward basis in September of 2006 and scheduled to fund in October of 2007. When the capital markets melted down during the summer of 2007 JP Morgan stood tall and closed our deal.” With offices in Los Angeles, San Francisco, Sacramento, Seattle, Irvine, Las Vegas, and Phoenix, Newmark Realty Capital, Inc. is a privately held, full-service commercial mortgage banking firm that provides financing for income-producing properties. Newmark originates and services loans for its correspondent lenders and other insurance companies, pension funds, Wall Street conduits, and commercial banks which are considered among the strongest and most active institutions in the real estate capital markets. For more information on this transaction please contact George Mitsanas at (310) 846-5299, Chris Funai at (702) 304-0437 or Michael Heagerty at (415) 956-9854.

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