Newmark Arranges $215.8M Loan for 5-Property Florida Multifamily Portfolio
Newmark arranged $215.8 million in bridge refinancing for Waypoint Residential’s five-property, 1,274-unit multifamily portfolio spanning key markets throughout Florida.
Newmark’s Matthew Williams and Rob Wright secured the construction takeout bridge financing through Benefit Street Partners, with support from James Maynard and Kyle Schlitt.
The portfolio comprises five newly constructed, luxury garden-style multifamily communities in Vero Beach, Port St. Lucie, Palm Bay, Davenport and Gainesville. Three properties are located along Florida’s Treasure Coast and Space Coast and were completed in 2024, benefiting from continued population and employment growth, a moderating new supply pipeline and proximity to major healthcare, aerospace, advanced manufacturing and logistics employers.
The remaining two properties include The Bradley at Lake Wilson in Davenport (shown), which benefits from access to Orlando’s employment centers, tourism corridor and major transportation infrastructure and The Marlow Gainesville, located near the University of Florida and UF Health, two of the area’s largest economic drivers.
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