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Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises | 9 Months Ended
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Sep. 30, 2025
Broker-Dealer [Abstract] |
Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises | Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises Newmark uses its warehouse facilities and repurchase agreements to fund mortgage loans originated under its various lending programs. Outstanding borrowings against these lines are collateralized by an assignment of the underlying mortgages and third-party purchase commitments and are recourse only to our wholly owned subsidiary, Berkeley Point Capital, LLC. 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 September 30, 2025 |  | Balance at December 31, 2024 |  | Stated Spread to One-Month SOFR |  | Rate Type
Warehouse facility due May 5, 2026 | $ | 450,000 |  |  | $ | 300,000 |  |  | $ | 473,402 |  |  | $ | 35,841 |  |  | 130 bps |  | Variable
Warehouse facility due September 25, 2026 | 200,000 |  |  | 200,000 |  |  | 115,790 |  |  | 143,470 |  |  | 130 bps |  | Variable
Warehouse facility due October 4, 2025 (1)(2) | 800,000 |  |  | 600,000 |  |  | 724,805 |  |  | 416,908 |  |  | 130 bps |  | Variable
Fannie Mae repurchase agreement, open maturity | — |  |  | 500,000 |  |  | 36,393 |  |  | 158,089 |  |  | 115 bps |  | Variable
Total | $ | 1,450,000 |  |  | $ | 1,600,000 |  |  | $ | 1,350,390 |  |  | $ | 754,308 |  |  |  |  |
(1)The warehouse line was renewed on October 4, 2025. The maturity date was extended to October 3, 2026. (2)The warehouse line was temporarily increased by $100.0 million to $900.0 million for the period June 30, 2025 to August 14, 2025. Pursuant to the terms of the warehouse facilities, Newmark is required to meet several financial covenants. Newmark was in compliance with all covenants as of both September 30, 2025 and December 31, 2024. The borrowing rates on the warehouse facilities are based on short-term SOFR plus applicable margins. Due to the short-term maturity of these instruments, the carrying amounts approximate fair value.

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- Definition The entire disclosure for warehouse lines of credit. + References No definition available. + Details
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