NewPoint Hires Charlie Crowe, Growing Affordable Housing Finance Team and West Coast Operations
Irvine, CA (April 4, 2023) – NewPoint Real Estate Capital LLC ("NewPoint") has hired Charlie Crowe as Director, Originations. Crowe will be based in NewPoint's Irvine, CA, office and will focus on providing affordable housing owners and developers with the full range of NewPoint's Proprietary, Agency and HUD/FHA financing solutions.
Prior to joining NewPoint, Crowe was Director of Finance at nonprofit affordable housing developer Burbank Housing, where he led the firm's overall capital strategy, oversaw enterprise-level capital raising and managed project-level debt and equity initiatives for a 3,200-unit portfolio. Before that, he spent six years with Freddie Mac Multifamily, most recently on the Targeted Affordable Housing (TAH) Structured Production Team, working to originate, structure and securitize unique products like Q-Deals, M-Deals and SMART Deals. Crowe also played an integral role in developing Freddie Mac's Single-Family Rental (SFR) Pilot program and structured, underwrote and executed both the first SFR Pilot loan and the first SFR loan supporting Housing for the Intellectually and Developmentally Disabled (HIDD).
"I am thrilled to join NewPoint and to be part of a team tackling the affordable housing crisis head-on through innovative financing solutions," Crowe said. "I look forward to helping our clients navigate the complexities of affordable housing finance and position their organizations, communities and residents for long-term success."
With nearly a decade of experience in affordable housing, Crowe brings a unique perspective to NewPoint with finance expertise from both the developer and lender perspectives.
"With an entrepreneurial mindset and experience in both development and finance, I am confident that Charlie will be an invaluable resource for developers and owners seeking to pair tailored financing with their business objectives," said Mark Dean, Head of Affordable Production at NewPoint. "I look forward to seeing the impact that he will make on our team and the affordable housing industry as a whole."
In addition to NewPoint's ability to deliver Fannie Mae Multifamily Affordable Housing (MAH), Freddie Mac Targeted Affordable Housing (TAH), HUD/FHA Multifamily Accelerated Processor (MAP) and Proprietary Bridge Loan executions, the firm offers financing solutions under NewPoint Impact – a proprietary affordable housing lending platform that pairs private capital with government-subsidized products to support new development and renovations.
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.
NewPoint Media Contact:
Elyse Bandel
NewPoint Real Estate Capital
Elyse.Bandel@NewPoint.com
917.447.0143