NewPoint Closes Provides $112.4 Million in Freddie Mac Financing Loan for the Acquisition of New Jersey Multifamily Community

Wood Ridge, NJ – April 22, 2025 – NewPoint Real Estate Capital (“NewPoint”) has provided a $112.4 million Freddie Mac loan to facilitate the acquisition of Avalon at Wesmont Station, a 406-unit multifamily community located in Wood Ridge, NJ.

NewPoint Vice President of Originations, Ryan Koehler, arranged the financing, which features a 10-year term and interest only payments for six years.

Avalon at Wesmont Station, built in 2012, offers studios as well as one-, two-, and three-bedroom units ranging from 600 to 1,900 square feet. Community amenities include a swimming pool with sundeck, fitness center, resident lounge, work pods, barbecue courtyard, bike storage, dog run, covered parking, and on-site retail options. The property is located in the heart of Wood Ridge’s vibrant town center, providing residents easy access to restaurants, shopping, and public transportation.

“We were thrilled to partner with Freddie Mac to provide one of NewPoint’s top clients with the financing to acquire Avalon at Wesmont Station,” said Koehler. “There were many factors that made this an attractive loan, including an extremely strong sponsor, the condition of this recently built asset, and the high affordable set-asides at the property. I am confident that this will be a great addition to our client’s growing portfolio.”

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.