NewPoint Expands Seniors Housing Finance Solutions with New Agency Loan Capabilities
WASHINGTON, DC (August 24, 2022) - NewPoint Real Estate Capital (“NewPoint”) announces that it has expanded its financing offerings to include seniors housing Agency loans. The designation as an approved Fannie Mae Seniors Housing Lender and Freddie Mac Optigo® Seniors Housing Lender is a result of the firm’s commitment to the seniors housing and healthcare space and its drive to offer clients a diverse product suite serving the full continuum of care.
“NewPoint has made a strategic effort to build out the originations, underwriting, processing and servicing capabilities of our Seniors Housing and Healthcare Platform by recruiting the best and the brightest in the industry,” said David Brickman, NewPoint Chief Executive Officer. “This approval from our Agency partners is an indication of their confidence in NewPoint and the strength of our talent.”
NewPoint’s Seniors Housing Agency Platform offers 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 five to 10 years, with up to 30 years for fixed-rate loans.
“The demographic drivers we’ve been hearing about for years are materializing in a major way, and we are seeing an increased emphasis on the desire to age in place,” NewPoint Head of Production Geri Borger Urgo added. “These new loan offerings will ensure that owners and operators can rely on NewPoint for expedited access to the high-quality capital needed to execute their business plans, regardless of asset type.”
In May of 2022, NewPoint formed its Seniors Housing Agency Platform to supplement its existing HUD/FHA-focused seniors housing and healthcare financing capabilities. NewPoint hired Sean Huntsman, Managing Director, Seniors Housing Originations and Katherine Stewart, Managing Director and Platform Lead, who brought a combined 50 years of Agency lending experience to the firm. NewPoint established a robust borrower network and originations platform serving the healthcare space with its acquisition of HHC Finance in the fourth quarter of 2021. HHC Finance, and now, NewPoint, is a leading HUD/FHA LEAN lender and servicer.
About NewPoint Real Estate Capital
NewPoint Real Estate Capital (“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 bridge financing.