Affordable Housing Industry Veteran Mark Dean to Lead Affordable Production at NewPoint
Chevy Chase, MD (October 21, 2022) - NewPoint Real Estate Capital LLC (“NewPoint”) has tapped industry veteran Mark Dean to serve as Head of Affordable Production. Dean will be responsible for expanding the reach of NewPoint’s rapidly growing Affordable Housing Platform and providing owners and developers with an unrivaled suite of Agency, HUD/FHA and Proprietary Lending solutions for the creation and preservation of affordable housing nationwide.
Dean has nearly 40 years of experience providing investment and mortgage banking services to real estate firms, spending the bulk of his career at affordable specialist Citi Community Capital (formerly Newman & Associates), where he retired in 2020 after 22 years of serving as Managing Director and Head of Production. During Dean’s tenure, Citi Community Capital grew to become the largest affordable housing lender in the nation, closing $7 billion in lending volume in 2020. Prior to Citi, he served in various positions at U.S. Bank, including running the Western Region Public Finance group.
In 2021, Dean planned and completed a two-cyclist, 3,611-mile transcontinental bicycle tour from the Puget Sound to the Chesapeake Bay that raised $15,000 for homeless veterans.
“Re-entering the affordable housing space was not a decision I made lightly – it took an opportunity where it was clear that I could make a significant difference connecting developers with new, innovative ways to support their portfolios and the communities they serve,” Dean said. “NewPoint is committed to tackling the affordable housing crisis head-on with forward-thinking financing solutions, and I look forward to unleashing the power of NewPoint’s platform to do just that.”
“Our comprehensive and innovative affordable product suite can only have significant impact if it’s backed by strong leadership and the intellectual capital and drive to deliver with speed, foresight and certainty,” said David Brickman, NewPoint Chief Executive Officer. “There are few in this industry with greater experience and technical expertise than Mark. We are excited to have him leading NewPoint’s efforts to support affordable housing developers as they work to resolve the current affordability crisis.”
In addition to NewPoint’s ability to deliver Fannie Mae Multifamily Affordable Housing (MAH), Freddie Mac Targeted Affordable Housing (TAH), HUD/FHA Multifamily Accelerated Processor (MAP) and Proprietary Bridge Loan executions, the firm recently launched NewPoint Impact – a proprietary affordable housing lending platform that pairs private capital with government-subsidized products.
About NewPoint Real Estate Capital
NewPoint Real Estate Capital LLC (NewPoint) is a prominent commercial real estate finance company delivering lending solutions to investors of multifamily, affordable housing, seniors housing, healthcare, and manufactured housing properties nationwide. NewPoint leverages technology, data, capital, and the expertise of its industry-leading team to provide loan origination, servicing, execution, and a suite of Agency and curated proprietary products to meet the evolving needs of borrowers. In addition to being a Fannie Mae DUS®, Freddie Mac Optigo®, and HUD/FHA MAP and LEAN Lender, NewPoint also offers proprietary bridge and affordable housing financing.