Newmark Arranges $91.8 Million Refinancing for RHP Properties' Redwood Portfolio

October 22, 2026 9:00 AM

Newmark announces the Company has arranged a $91.78 million refinancing for the RHP Redwood Portfolio, a 13-community manufactured housing portfolio comprising 1,892 homesites across Arizona, Connecticut, Maryland, Michigan, Minnesota and Ohio. The borrower is RHP Properties, one of the nation's largest owners and operators of manufactured housing communities. Financing was provided by Freddie Mac.

Newmark Vice Chairmen Robert Younkin and Garrett Meyers and Director Austin Smith arranged the financing on behalf of RHP Properties. The transaction was structured as a five-year fixed-rate loan with full-term interest-only payments, achieving a sub-100-basis-point spread following the execution of a rate buydown.

"Executing a refinancing of this scale across multiple markets required a high level of coordination and trust among all parties," said Younkin. "The longstanding relationships between RHP, Freddie Mac and Newmark allowed us to begin critical workstreams well in advance of formal loan application, creating efficiencies throughout the process and helping the team move from quote to closing in just 42 days while securing attractive long-term financing for the portfolio."

The portfolio includes three properties in Tucson, Arizona; four properties in Connecticut's New Haven/Hartford metropolitan area; three properties in Lexington Park, Maryland; one property in Grand Rapids, Michigan; one property in Oakdale, Minnesota; and one property in Lima, Ohio. The communities feature a variety of resident amenities, including clubhouses, management offices, swimming pools, playgrounds, basketball courts and shuffleboard facilities.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended June 30, 2026, Newmark generated revenues of more than $3.6 billion. As of June 30, 2026, Newmark and its business partners together operated from over 195 offices with more than 10,000 professionals across four continents. Learn more at nmrk.com or follow @newmark.

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