NewPoint Adds Veteran Originator Christopher Honn to Bolster Expanding Seniors Housing and Healthcare Lending Platform
CHICAGO, IL (December 1, 2022) – NewPoint Real Estate Capital LLC ("NewPoint") announces the hiring of Christopher Honn as Managing Director, Seniors Housing Originations. Based out of Chicago, Honn will play a critical role in expanding the firm's growing seniors housing and healthcare platform, with an emphasis on Agency loan solutions.
Honn brings more than 35 years of seniors housing and healthcare originations and underwriting experience to NewPoint. He has built several successful production platforms and leverages an accomplished track record of executing for non-profit and for-profit clients on a national basis.
"I am incredibly fortunate to be joining NewPoint at a time of such momentum for the firm," Honn said. "Dedicated to supporting the full continuum of care with a single platform of financing solutions, NewPoint’s tremendous commitment to providing the best terms, execution and customer service undoubtedly differentiates us in the market."
NewPoint expanded its Seniors Housing and Healthcare Lending Platform in May 2022, supplementing its existing HUD/FHA-focused financing capabilities, and secured licenses as a Fannie Mae Seniors Housing Lender and a Freddie Mac Optigo® Seniors Housing Lender. Honn will work to offer these Agency programs, in addition to NewPoint's growing Proprietary Lending solutions.
"Chris brings a tremendous wealth of product and industry knowledge that will prove invaluable to our clients as we continue to build a best-in-class partner to seniors housing and healthcare providers," said NewPoint Managing Director and Seniors Housing Agency Platform Lead Katherine Stewart. "Few in our space have the programmatic aptitude that Chris has developed over the course of his career."
Prior to joining NewPoint, Honn served as a Managing Director at Regions Bank, where he assisted in the creation of the firm's seniors housing platform. Before that, he managed Berkadia's seniors housing and healthcare mortgage banking and underwriting team. He also served as Director of Fannie Mae's Seniors Housing Program for 12 years, where his team significantly grew the size and credit quality of the seniors housing portfolio.
NewPoint offers a broad spectrum of solutions for seniors housing and healthcare developers, owners and operators. The Seniors Housing Agency Platform includes fixed- and floating-rate loans with interest-only options and a variety of prepayment structures. Eligible properties include independent living, assisted living and memory care facilities, as well as facilities with a limited amount (maximum 20% of NOI) of skilled nursing. Terms range from 5 to 10 years, with up to 30 years for fixed-rate loans. NewPoint is also a leading HUD/FHA LEAN lender, ranking #2 for initial endorsements in HUD’s 2022 fiscal year, and offering several long-term fixed-rate programs for constructing, refinancing, acquiring and rehabilitating healthcare properties.
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:
Stefan Pollack
The Pollack Group
stefan@pollackgroup.com
310.780.2364
Elyse Bandel
NewPoint Real Estate Capital
Elyse.Bandel@NewPoint.com
917.447.0143