Newmark Arranges $525 Million Refinance Loan For Multifamily Portfolio Of ICONIQ Capital And Sentral

The asset involved in this transaction consists of a multifamily portfolio comprising six properties located at 51 Northwest 26th Street, 1777 Wewatta Street, 808 South Michigan Avenue, 516 Lea Avenue, 1614 East 6th Street, and 1630 East 6th Street. The total number of units in the portfolio is 1,790, strategically positioned across key urban markets including Miami, FL; Denver, CO; Chicago, IL; Nashville, TN; and Austin, TX. The refinancing loan amount is $525,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $525,000,000
• Loan Type: Refinance
• Lender: Christian Sewing - Deutsche Bank & David Soloman - Goldman Sachs
• Landlord: Michael Anders - ICONIQ Capital; Roman Speron & John Slavet - Sentral
• Broker: Bill Fishel & Jonathan Firestone - Newmark
• Asset Management: Sentral operates 25% of the portfolio as fully furnished units for short- or mid-term stays.

Newmark arranged the refinancing package, marking it as the first single-asset, single-borrower CMBS loan designated for flexible apartment properties. This significant transaction reflects the collaboration between major financial entities and leaders in real estate management.