Newmark Arranges $975 Million Financing for Mission-Critical Data Center in Northern Virginia

Newmark Group, Inc. (Nasdaq: NMRK) has arranged $975 million in balance sheet financing for Project Helios, a newly constructed, mission-critical data center in Northern Virginia, the firm announced June 8, 2026. Blue Owl provided the financing for the borrower, a joint venture between Affinius Capital and Corscale Data Centers.

Deal Structure and Property Details

Project Helios is described in the announcement as a newly delivered, mission-critical data center within one of Northern Virginia's premier data center campuses, situated alongside multiple investment-grade hyperscale tenants. The asset is 100% leased to an investment-grade cloud service provider under a long-term lease. The identity of the tenant was not disclosed. Specific financial terms — including loan-to-value ratio, interest rate, and loan term — were not disclosed.

The Newmark team representing the borrower included Co-Head of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Christopher Kramer, Managing Directors Chris Lozinak and John Caraviello, Associate Director Ryan Bub, Head of Strategic Advisory Andrew Warin, and Head of Infrastructure Phil O'Bannon.

"This transaction reflects continued institutional conviction in digital infrastructure, particularly in Northern Virginia, where demand is driven by unmatched connectivity, scale and proximity to end users," said Kramer. "High-quality assets in established hyperscale ecosystems, leased to investment-grade tenants, are drawing strong interest from capital providers."

Borrower Profile: Affinius Capital and Corscale Data Centers

The borrowing joint venture pairs Affinius Capital with Corscale Data Centers. The specific roles, ownership split, and strategic mandates of each party within the joint venture were not disclosed in the announcement.

About Newmark

Newmark Group, Inc. is a commercial real estate advisory and services firm listed on the Nasdaq under the ticker NMRK. For the twelve months ended March 31, 2026, Newmark reported revenues of more than $3.4 billion. As of that date, Newmark and its business partners operated from more than 185 offices with over 9,600 professionals across four continents.

Sources: Newmark Group, Inc. press release, June 8, 2026