Newmark : Arranges $52 Million Cash-Out Refinance for 366-Unit Multifamily Community in Cypress, Texas

About this update from Newmark Group, Inc.

June 22, 2026 2:00 PM Newmark announces the Company has arranged a $52 million cash-out refinance for Cantera at Towne Lake, a 366-unit, Class A garden-style multifamily community located in Cypress, Texas, a high-growth suburb northwest of Houston. Newmark Multifamily Capital Markets Executive Managing Directors Vince Punzi and Lowell Takahashi arranged the financing through a debt fund on behalf of the borrower, The Bascom Group. The loan was structured to include $4.42 million in capital expenditure reserves earmarked for a new round of renovations, while incorporating prepayment flexibility aligned with the borrower's strategic business plan. "After carefully evaluating a potential disposition of the asset, The Bascom Group determined that a refinance offered the strongest path forward - one that allowed the firm to return capital to its investors while preserving long-term upside," said Punzi. "This refinance was a prime example of just how competitive the capital markets have become - with debt capital outpacing available transactions, the bidding process was among the most competitive we have seen. It is particularly notable given the asset was acquired post-pandemic and was able to achieve a cash-out refinance." Constructed in 2008, Cantera at Towne Lake comprises a mix of one-, two- and three-bedroom luxury apartment homes. Community amenities include a 24-hour fitness center, two resort-style pools, outdoor grilling areas, a conference center and lush landscaping. Located within the highly amenitized Towne Lake master-planned community, Cantera at Towne Lake offers convenient access to Highway 290, the Grand Parkway and key employment and retail corridors throughout Cypress and greater northwest Houston. Residents benefit from proximity to The Boardwalk at Towne Lake, nearby shopping and dining and a wide range of neighborhood amenities, as well as access to the highly regarded Cypress-Fairbanks ISD. The Cypress submarket continues to benefit from strong economic fundamentals and a constrained supply pipeline, with limited new multifamily deliveries expected over the coming years. These conditions reinforce the investment thesis for continued capital improvements at Cantera at Towne Lake and position the asset to capture meaningful rental upside through the renovation program. About Newmark Newmark 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 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark . Discussion of Forward-Looking Statements about Newmark Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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