Newmark Arranges Refinancing for Garden-Style Multifamily Community in Robertsdale, AL

July 30, 2025 9:00 AM

Newmark announces the company has arranged a $19.2 million loan for the refinancing of Baldwin Farms Apartments, a 152-unit garden-style multifamily asset located in Robertsdale, Alabama. Newmark Executive Managing Director Henry Stimler and Director Ricky Warner represented owner MFP Capital and secured the financing from Fannie Mae.

Newmark has worked closely with the sponsor over the past two years to strategically time a refinancing that aligns with the sponsor’s rate and proceeds objectives.

“Baldwin Farms is a strong-performing asset in a growing Gulf Coast market, and we are proud to have once again supported MFP Capital in structuring the best possible financing,” said Stimler. “Our team’s relationship-driven approach, coupled with Fannie Mae’s execution, enabled us to secure favorable terms that will enhance long-term asset performance.”

Baldwin Farms Apartments offers a robust amenity package including a resort-style swimming pool, 24-hour fitness center, clubhouse and a pet-friendly bark park. Apartment interiors feature spacious floor plans, walk-in closets, vaulted ceilings and fully equipped kitchens with modern appliances.

The community benefits from convenient access to U.S. Route 90 and I-10, providing direct connectivity to employment hubs in Mobile (24 miles west) and Pensacola (35 miles east). Residents also enjoy proximity to nearby retail, dining and entertainment destinations across Baldwin County.

MFP Capital is a private real estate investment firm specializing in strategic acquisitions, asset management, and value-driven investment strategies across multifamily and net-leased properties.

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, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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