NewPoint Achieves Record-Breaking Third Quarter with $1.62 Billion in Closings

Plano, TX (October 16, 2024) — NewPoint Real Estate Capital (“NewPoint”), a prominent commercial real estate finance company that delivers lending solutions, announced record-breaking performance for the platform in the third quarter of 2024, closing $1.62 billion across its full suite of lending programs. This milestone comes on the heels of NewPoint naming Nick Gesue CEO.

The third quarter marked NewPoint's highest direct production level for a quarter since its launch in June 2021. September also set a new monthly record for direct production, reflecting the expertise and commitment of NewPoint’s originators and deal teams as they continue to close significant transactions across various capital solutions, including Fannie Mae, Freddie Mac, HUD, NewPoint Bridge, NewPoint Impact, and third-party placements.

“NewPoint's record-breaking quarter is a clear reflection of our team’s talent and unwavering service to our clients,” said Nick Gesue, CEO of NewPoint Real Estate Capital. “As we build on this momentum, I’m confident that our collaborative approach and innovative solutions will continue to drive results, regardless of market challenges. We are committed to being a trusted partner, delivering results that position our clients for long-term success.”

In addition to its impressive production numbers, NewPoint’s servicing portfolio increased from $53.5 billion at the end of the second quarter to $54.8 billion at the end of the third.

The positive performance in the third quarter reflects NewPoint’s resilience and ability to seize opportunities in a competitive and challenging lending landscape. With a solid foundation and strong headwinds of a more favorable interest rate environment, NewPoint is poised to continue its upward trajectory, making significant strides in the multifamily, affordable housing, and seniors housing and care financing landscape.

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. Leveraging technology, data, capital, and the expertise of its industry-leading team, NewPoint provides 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 FHA/HUD MAP and LEAN Lender, NewPoint offers proprietary bridge and affordable housing financing, as well as third-party placement solutions.