Newmark Arranges Bridge Financing for 360-Unit Multifamily Property in Kemah, Texas

Newmark has arranged bridge financing for The Kippford at Kemah Crossing, a 360-unit Class A multifamily property located at 2201 Evergreen Memorial Parkway in Kemah, Texas, the firm announced March 26, 2026.

Newmark Multifamily Capital Markets Vice Chairman David Schwarz secured the bridge loan from Greystar on behalf of borrowers Allen Harrison Company and Carlyle. The loan amount was not disclosed.

"The Kippford at Kemah Crossing is a standout multifamily development in the Clear Lake submarket," Schwarz said. "We structured a cash-neutral bridge loan that provides the borrower with flexibility while positioning the asset for long-term success."

Property Details

Constructed in 2023, The Kippford at Kemah Crossing is a garden-style community offering one-, two- and three-bedroom apartments. Unit interiors feature wood-style flooring, granite countertops, stainless steel appliances, walk-in closets and full-size washers and dryers. Community amenities include a resort-style pool, fitness center, EV charging stations and co-working spaces.

The property is situated just over a mile from the Kemah Boardwalk and waterfront entertainment district, providing residents with access to local restaurants, marinas and recreational amenities. The location also offers convenient commuter routes to Houston, League City and the Galveston Bay region.

Clear Lake Submarket and Houston Multifamily Trends

According to Newmark Research, U.S. multifamily debt originations accelerated 37% year-over-year in 2025, gaining momentum in the first half of the year and maintaining strength throughout. Borrowers benefited from narrow loan spreads, increased confidence in fundamentals as construction activity slowed, and continued momentum from early 2024.

Newmark Research notes that investors continue to allocate capital to the Southeast and Southwest Houston submarkets, which together account for 46% of market share in the region.

About the Parties

Allen Harrison Company and Carlyle served as the borrowers on the transaction. Greystar provided the bridge debt. Newmark's David Schwarz led the capital markets advisory assignment on behalf of the borrower group.

Newmark, listed on Nasdaq as NMRK, reported revenues of nearly $3.3 billion for the twelve months ended December 31, 2025. The firm operates from approximately 175 offices with over 9,300 professionals across four continents.

Sources

• Newmark Press Release – March 26, 2026