Loan benefits

NewPoint Real Estate Capital launches a bridging loan program

PLANO, Texas – (COMMERCIAL THREAD) – NewPoint Real Estate Capital LLC (“NewPoint”) announces the launch of its Multi-Family Bridging Loan Program, providing customizable and flexible bridging lending solutions to meet the needs of investors across the country. NewPoint’s Proprietary Loans team will work closely with NewPoint’s originators and mortgage broker partners to tailor bridge loans that provide short-term interim financing for the acquisition, refinancing or recapitalization of investments. multi-family.

NewPoint targets loans of $ 5 million to $ 50 million with terms of up to five years, with a focus on light to moderate transitional multi-family properties in the United States. transparent and efficient execution; a smooth transition to take-out in agency; and internal services to provide efficient future funding and drawdown requests. Borrowers also have access to competitive prices and waived exit fees when loans are refinanced through one of NewPoint’s permanent funding options.

The bridge program is being rolled out under the leadership of NewPoint Senior Managing Director Mark Silverstein and will be overseen by Managing Director Brian Skurnik, as well as Managing Director Joe Savarese. These leaders are committed to NewPoint’s vision to become the premier national provider of multi-family capital through a diverse range of competitive product offerings; a streamlined approval process; and unparalleled structuring, underwriting and service to meet the needs of multi-family investors.

“An essential part of our vision at NewPoint is to innovate to meet the changing economic landscape for multi-family,” said Brickman. “Our new bridges program is emblematic of this vision and demonstrates our commitment to being a leader in terms of products and solutions. ”

“We are delighted to launch our bridge program, which is the first and an essential part of the various NewPoint proprietary products that we are developing to better serve our customers,” said Silverstein.

NewPoint’s exclusive lending team is developing products to better serve multi-family investors looking for alternative financing solutions. The wedding loan program is the first of many products the company plans to bring to market as it continues to innovate and expand its product line.

About NewPoint Capital Immobilier

NewPoint Real Estate Capital LLC is a joint venture of Meridian Capital Group, LLC, the nation’s leading commercial mortgage brokerage, and Barings LLC, one of the world’s leading investment managers. Launched in Q2 2021, NewPoint leverages technology, data, and proprietary capital solutions to deliver an innovative suite of financing products to multi-family, affordable, senior housing, healthcare, and residential investors. prefabricated housing. NewPoint is a Fannie Mae DUS® Lender, Freddie Mac Optigo® Servicer and a HUD / FHA MAP and LEAN Lender. For more information, please visit https://newpoint.com.


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