Newmark Arranges $515 Million Refinancing for Rithm Capital's 31 West 52nd Street in Midtown Manhattan

About this update from Newmark Group, Inc.

NEW YORK, July 6, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announces the Company has arranged $515 million in fixed-rate financing on behalf of Rithm Capital for 31 West 52nd Street, a 785,000-square-foot Class A office tower in Midtown Manhattan's Plaza District. Co-Head of Global Debt & Structured Finance Jordan Roeschlaub, Co-Head of U.S. Capital Markets Adam Spies, Executive Vice Chairman Adam Doneger and Vice Chairman Nick Scribani arranged the financing on behalf of Rithm Capital. Director Tim Polglase, Associate Director Dan Axelson and Analyst Jack Fenton also provided strategic support on the refinancing. The financing package, led by Wells Fargo, consists of a $415 million senior mortgage, a $40 million B-note and a $60 million mezzanine loan. The lending group also includes Bank of America, Barclays, Citi, Goldman Sachs and JPMorgan. The refinancing follows Rithm Capital's acquisition of the broader Paramount office portfolio, a $1.6 billion transaction on which Newmark served as financial advisor to Rithm. The financing supports the firm's long-term business plan for one of the portfolio's premier New York City assets. Located directly across from The Museum of Modern Art, 31 West 52nd Street occupies one of Midtown Manhattan's premier office locations. The property's high-quality tenancy, long-term leasing profile and institutional ownership continue to make it an attractive investment for lenders seeking exposure to best-in-class office assets. Cushman & Wakefield's Gideon Gil, Zach Kraft and Cecelia Galligan also advised on the transaction. About NewmarkNewmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March ...

View stock analysis, news, and events for Newmark Group, Inc.