Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Company Lines Available and Borrowings Outstanding

Newmark had the following lines available and borrowings outstanding (in thousands, except the stated spread to one-month SOFR):


	Committed Lines		Uncommitted Lines		Balance at December 31, 2024		Balance at December 31, 2023		Stated Spread to One-Month SOFR	Rate Type
Warehouse facility due May 6, 2025 (1)(2)	$	450,000	$	300,000	$	35,841	$	—	130 bps	Variable

Warehouse facility due September 25, 2025	200,000		200,000		143,470		94,873		130 bps	Variable

Warehouse facility due October 4, 2025	800,000		600,000		416,908		403,758		130 bps	Variable

Fannie Mae repurchase agreement, open maturity	—		500,000		158,089		—		115 bps	Variable
Total	$	1,450,000	$	1,600,000	$	754,308	$	498,631

(1)The warehouse line established a $125.0 million sublimit line of credit to fund potential principal and interest servicing advances on the Company’s Fannie Mae portfolio during the forbearance period related to the CARES Act. Advances bore an interest rate of one-month SOFR plus 180 bps. There were no outstanding draws under this sublimit line of credit as of December 31, 2023.

(2)On May 7, 2024, the warehouse line was renewed, extending the maturity date to May 6, 2025 and removing the $125.0 million sublimit line of credit.