Newmark Facilitates $7.1 Billion Construction Loan to Develop AI Data Center
- Secured massive $7.1 billion construction loan deal, demonstrating Newmark's significant deal-making capabilities
- Second major deal involvement in the same project, having also secured financing for phase one
- Project positions Newmark in the growing AI infrastructure sector
- Transaction with high-profile clients (Blue Owl Capital, JP Morgan) strengthens market position
- None.
Insights
Newmark secured a massive $7.1B loan for AI data center development, showcasing its critical role in high-value commercial real estate financing.
Newmark's arrangement of a
The loan facilitates the second phase of a
The project's scale is remarkable鈥攅ight buildings with 1.2 gigawatts of capacity upon completion. The first phase (two buildings, 200+ megawatts) began construction in June 2024 with energization expected in early 2025. The second phase (six buildings) is projected to be energized by mid-2026. This accelerated timeline is being positioned as setting new standards for greenfield, hyperscale digital infrastructure delivery speed.
For Newmark, this transaction demonstrates its growing influence in the specialized data center capital markets space. By connecting AI infrastructure developers with traditional financing sources through a JP Morgan-led consortium, Newmark is establishing itself as a vital intermediary in a sector seeing tremendous growth due to AI computing demands.
Newmark's Co-President of Global Debt & Structured Finance , Vice Chairman and Managing Director 聽arranged the funding, in collaboration with Head of Data Center Capital Markets , Co-Head of
"We are proud to advise on this landmark transaction between Crusoe, Blue Owl, and Primary Infrastructure, which represents a significant milestone in the evolution of sustainable digital infrastructure," said Roeschlaub. "This partnership not only validates Crusoe's innovative approach to energy and computing but also highlights the growing role of infrastructure capital in enabling next-generation technologies."
"This funding solution represents a pivotal step forward in delivering next-generation digital infrastructure at a scale and speed that meets the demands of AI innovation," said Mayo. "Newmark played a critical role in structuring and securing the capital required to bring this transformative project to life, aligning innovative operators with long-term institutional partners."
Under the terms of the joint venture, Crusoe in combination with funds managed by Blue Owl's AG真人官方 Assets platform along with Primary Digital Infrastructure will jointly sponsor the construction of six new buildings, which will bring the center to eight buildings upon completion. Construction of the first phase, comprising two buildings and 200+ megawatts, began in June 2024 and is expected to be energized in the first half of 2025. Construction of the second phase, consisting of the six additional buildings and a total of 1.2 gigawatts, began in March 2025 and is expected to be energized in mid-2026, setting a new bar for the speed of delivery for greenfield, hyperscale digital infrastructure projects.
Newmark also , securing both equity and debt financing.
About Crusoe:
Crusoe is on a mission to align the future of computing with the future of the climate. Crusoe provides a reliable, scalable, cost-effective, and environmentally friendly solution for AI infrastructure by harnessing large-scale clean energy, building AI-optimized data centers, and empowering builders to reach their AI potential. Crusoe is empowering the AI revolution. To learn more, visit聽.
About Blue Owl:
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives庐.
With
Together with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit聽.
About Primary Digital Infrastructure
Primary Digital Infrastructure is an advisory and investment platform that accelerates the growth of hyperscaler and AI-driven data centers. Founded by industry pioneers Bill Stein, David Ferdman, Peter Hopper, and John Sheputis, Primary Digital Infrastructure provides flexible capital solutions to premier data center owners and operators鈥攊ncluding recapitalizations, outright acquisitions, and forward takeouts. The firm empowers operators to unlock capital, fuel expansion, and meet the rising demand for next-generation digital infrastructure. To learn more, visit聽.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum.聽For the twelve months ended March 31, 2025, Newmark generated revenues of over
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding聽Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
View original content to download multimedia:
SOURCE Newmark Group, Inc.
FAQ
What is the size of the construction loan Newmark arranged for the AI data center in Texas?
When will the second phase of Newmark's (NMRK) AI data center project be completed?
How many buildings will the AI data center have after completion?
What is the total capacity of the AI data center project arranged by Newmark (NMRK)?
Who are the key partners in the AI data center project facilitated by Newmark?
