Industry Veteran Mike Ortlip Joins NewPoint Real Estate Capital, Expanding Originations Reach and Southeast Operations
Charlotte, NC (July 18, 2023) – NewPoint Real Estate Capital ("NewPoint") has hired Mike Ortlip as Senior Managing Director. Ortlip is based in Charlotte, NC, and will focus on providing financing solutions to commercial real estate owners on a national basis through NewPoint’s Agency, FHA/HUD, Proprietary and third-party loan programs.
Prior to joining NewPoint, Ortlip was a Senior Vice President at Grandbridge Real Estate Capital, where he managed the firm’s headquarters production office in Charlotte, NC. Ortlip had been with Grandbridge and its predecessor companies for 25 years. Over his career, Ortlip has originated more than $7 billion in volume across a variety of loan structures and asset classes, including permanent, acquisition, transitional bridge, mezzanine, preferred equity, and construction financing for multifamily, seniors housing, hotel, and other commercial properties.
"I am thrilled to be a part of NewPoint, an entrepreneurial company with a platform entirely dedicated to providing innovative and modern financing solutions for real estate owners and institutions," Ortlip said. “Distinguished by its leadership and team, NewPoint has differentiated itself among lenders by focusing on refining and reinventing loan products and processes. I look forward to contributing to the ongoing expansion of its platform and sharing its benefits with my clients.”
In addition to his expertise and track record in Fannie Mae, Freddie Mac, and FHA/HUD executions, Ortlip has long-term relationships with an array of life insurance companies, banks, and non-traditional capital sources. His clients range from private owners to pension funds and other institutions.
“I am very excited to have Mike join NewPoint. Mike has been a good friend and colleague for many years, and I have witnessed firsthand his growth and success both as a mortgage banker and a leader in the industry,” said David Brickman, Chief Executive Officer of NewPoint. "His depth of knowledge and experience, creativity and dogged pursuit of excellence for his clients distinguish him and align perfectly with our relationship-based approach to lending; I am excited to support this next chapter in Mike’s career."
Ortlip is active in industry organizations and is a regular speaker at conferences. He is a member of NMHC, the Mortgage Bankers Association, ICSC, and ULI. Ortlip is the Sponsorship Chair of ULI’s Charlotte District Council and a member of NMHC’s Finance Committee. He is a former member of Freddie Mac’s Seller/Servicer Production Advisory Council, Fannie Mae’s inaugural DUS® Originator Subcommittee, Allstate Insurance’s Advisory Council, and the Mortgage Bankers Association’s Multifamily Steering Committee.
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.
Contacts:
Elyse Bandel
NewPoint Real Estate Capital
Elyse.Bandel@NewPoint.com
917.447.0143
Michael Ratliff
NewPoint Real Estate Capital
Michael.Ratliff@NewPoint.com
917.636.3578