Newmark Group has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark’s Jordan Roeschlaub, Chris Kramer and Jonathan Firestone arranged the financing, which was provided by the Austria-based bank, BAWAG Group.

Based in Charleston, South Carolina, PORT 32 is a leading owner, operator and developer of dry and wet slip coastal marina properties. PORT 32 provides expertise in the development and management of marina assets to bring customers an unparalleled level of service within the industry. PORT 32 owns and operates a growing collection of Class A marina assets in premier markets.  Besides Charleston, the company runs one marina in North Carolina, and nine in Florida, including Jacksonville, Marco Island, Cape Coral, Naples, Tampa, Fort Lauderdale, Tierra Verde, Palm Beach Gardens and Lighthouse Point.