Newmark Group, Inc. arranged a $630 million refinancing loan for the 830 Brickell office tower, a 57‑story Class‑A building completed in 2024 and located in Miami’s Brickell district. The loan is secured by the tower itself and was structured on behalf of landlords Cain International and OKO Group, with Goldman Sachs and J.P. Morgan leading the funding.
The refinancing is a five‑year, interest‑only facility, giving the owners flexibility to manage cash flow while the property remains highly liquid. Fitch Ratings assigned a valuation of $519 million to the tower using an 8% capitalization rate, and the building is operating at more than 95% occupancy, underscoring its strong asset quality.
Key tenants in the tower include Microsoft, Citadel, Marsh Insurance, Kirkland & Ellis, CI Financial, Thoma Bravo, Santander Bank, and Sidley Austin. The stable tenant mix supports the tower’s high occupancy and provides a solid revenue base for the refinancing structure.
Newmark’s role in arranging the deal highlights the firm’s expanding presence in U.S. debt markets. The transaction follows Newmark’s Q3 2025 results, which reported revenue of $863.46 million—up 25.9% year‑over‑year—and an adjusted EPS of $0.42, beating analyst estimates. The strong financial performance reflects disciplined cost management and a favorable mix of high‑margin advisory services.
The refinancing not only secures continued operation for the 830 Brickell tower but also signals Newmark’s growing capability to broker large‑scale financing for premium assets. By adding $630 million to its transaction pipeline, Newmark demonstrates its ability to capture significant deal flow, driven by strategic hires and a focus on high‑quality debt origination.
Analysts view the transaction as a positive indicator of Newmark’s debt origination strength, reinforcing confidence in the firm’s ability to secure substantial financing for high‑profile properties in a resilient commercial real‑estate market.
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