Newmark Secures 7 Million Loan for Park La Brea Apartments in Los Angeles, California
Freddie Mac Continues Financing Support for Workforce Housing in Historic Rental Community LOS ANGELES , June 26, 2023 /PRwire/ -- Newmark 1 Group,...
Freddie Mac Continues Financing Support for Workforce Housing in Historic Rental Community LOS ANGELES , June 26, 2023 /PRwire/ -- Newmark 1 Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading adviser and service provider to large institutional investors, global corporations, and other owners and occupiers of commercial real estate announces it has secured a $947 million loan for Los Angeles' historic Park La Brea , the largest apartment community on the West Coast. Newmark sourced financing on behalf of repeat borrower Prime Residential ("Prime") to retire existing debt.