Newmark Group has successfully secured a $400 million credit facility for PORT 32 Marinas. The financing will be used to refinance the company’s existing portfolio of coastal marinas and to support future acquisitions. Newmark’s Jordan Roeschlaub, Chris Kramer, and Jonathan Firestone were responsible for arranging the funding from BAWAG Group, an Austria-based bank.
Headquartered in Charleston, South Carolina, PORT 32 is a leading owner and operator of dry and wet slip coastal marina properties. With expertise in development and management of marina assets, PORT 32 offers customers exceptional service within the industry. The company currently owns Class A marina assets in top markets including one location in North Carolina as well as nine locations throughout Florida such as Jacksonville, Marco Island,Cape Coral,Naples,Tampa,Fort Lauderdale,Tierra Verde,Palm Beach Gardens,and Lighthouse Point.
