NewPoint Closes $82 Million Fannie Mae Loan for Acquisition of Southern California Affordable Housing Community

Anaheim, CA – March 28, 2025 – NewPoint Real Estate Capital (“NewPoint”) announced today the closing of an $82 million Fannie Mae loan to facilitate the acquisition of Park Vista Apartment Homes, a 392-unit garden-style affordable housing community in Anaheim, California. The property is 100% mission with all the units being affordable at 60% of AMI or lower.

Martin Fayer, a senior managing director on NewPoint’s originations team, arranged the fixed-rate loan, which has a seven-year term with five years interest only.

The buyer, BLDG Partners, is a Los Angeles-based, privately held real estate investment firm whose focus includes the preservation of affordable and workforce housing.

“This was an attractive loan for not only Fannie Mae — to lend on deeply affordable housing but for all involved,” said Fayer. “It sets up long-term benefits for the new owners to continue their commitment to affordable and workforce housing and for residents of Anaheim in the form of the hundreds of housing units that will now remain affordable for decades to come.”

Park Vista was originally constructed in 1959, underwent a renovation in 2001 and consists of 93 two-story buildings spread across over 20 acres in southeast Los Angeles, a few miles from Disneyland. Units there average 761 square feet and amenities include laundry facilities, a pool, a barbecue grill, and picnic and playground areas.

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 FHA/HUD MAP and LEAN Lender, NewPoint also offers proprietary bridge and affordable housing financing.