Newmark arranges $52 million cash-out refinance for Bascom’s Cantera at Towne Lake apartments in Texas

Newmark Group, Inc. Class A

Newmark Group, Inc. Class A

NMRK

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  • Newmark arranged a USD 52 million cash-out refinance for Cantera at Towne Lake, a 366-unit multifamily property in Cypress, Texas.
  • Financing was placed through a debt fund for borrower Bascom Group.
  • Loan includes USD 4.42 million of capital expenditure reserves for renovations, structured with prepayment flexibility.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief on June 22, 2026, and is solely responsible for the information contained therein.