Newmark’s Santa Monica office was established in 2001 by Executive Vice Chairman Mitch Clarfield and is comprised of over 18 experts with average annual debt originations of over $1.9 billion. The Santa Monica team focuses on multifamily Agency originations and since 2015, has originated over $13 billion in multifamily loans in 368 transactions, including facilitating more than $4.1 billion in acquisitions through the Newmark Investment Sales Network. They are preeminent experts in highly structured, multi-asset, multi-tranche structured transactions, having completed over $7.5 billion in structured credit facility transactions. Additionally, the team remains heavily involved in the servicing and asset management of the $11.5 billion of outstanding agency debt they have originated.
The Santa Monica team brings together some of the best minds and levels of experience in the multifamily financing field. The entire team has spent the entirety of their careers in commercial and multifamily finance and has experienced several real estate downturns spanning from the 1986 real estate recession to the current slowdown. Skilled at debt placement and origination, they distinguish themselves from others by providing honest and thoughtful feedback and guidance to their clients, putting long-term relationships ahead of the transaction at hand.
Mitch Clarfield and the Santa Monica team has been consistently recognized as an industry leader through a variety of awards and accolades, including:
- Real Estate Forum – Top 20 Rainmakers – 2021
- GlobeSt. – Multifamily Influencer – 2021, 2023
- Connect Media – Top Mortgage Brokers & Lenders Award – 2022, 2023