Newmark Realty Capital recently closed a $10.5 million non-recourse loan for a Southern California self storage property. The 10-year fixed loan featured a interest rate of 3.77%.
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. 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. NEWMARK and NEWMARK REALTY CAPITAL are registered trademarks of Newmark Realty Capital, Inc.