NewPoint Provides $49 Million Bridge-to-Agency Loan for a Multifamily Property in Greenville, NC
GREENVILLE, NC — (April 15, 2026) — NewPoint Real Estate Capital LLC (“NewPoint”) has provided a $49 million bridge-to-agency loan for the refinance of Evolve at the Pines Apartment Homes, a 288-unit multifamily property located in Greenville, North Carolina.
The 24-month interest-only loan was tailored to provide the borrower with flexibility during the property’s lease-up period and a smooth transition to an agency takeout.
The loan was originated by NewPoint Senior Managing Director Mike Ortlip on behalf of Evolve Companies, a fully integrated real estate firm specializing in investment, development, construction, and management of multifamily assets across the Southeast.
“NewPoint is proud to support Evolve Companies’ investment in high-quality, energy-efficient multifamily assets like Evolve at the Pines,” said Mr. Ortlip. “This financing structure allows the sponsor to optimize cash flow while continuing to deliver modern, sustainable housing options to residents in Greenville,” he added.
Evolve at the Pines Apartment Homes is a brand-new, Bronze Star-certified energy-efficient community situated near East Carolina University. The 288-unit property features modern apartment homes and resort-style amenities including a saltwater pool, fitness center, clubhouse, dog park, and EV charging stations, with easy access to shopping, dining, entertainment, and major thoroughfares.
About NewPoint Real Estate Capital LLC
NewPoint is a national commercial real estate finance firm offering lending solutions across multifamily, affordable housing, seniors housing, healthcare, and manufactured housing sectors. The firm leverages technology, data, capital, and the expertise of its industry-leading team to provide loan origination, servicing, execution, and a suite of financing 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 affordable housing financing. NewPoint is owned by Franklin BSP Realty Trust (“FBRT”). FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. ("Franklin Templeton”), one of the world’s largest independent investment managers with $1.7 trillion in total assets under management (as of January 31, 2026).
Forward-Looking Statements
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Media Contact
Dina Finnegan
Dina.Finnegan@NewPoint.com
703-282-2516
Investor Relations Contact
Lindsey Crabbe
L.Crabbe@BSPCredit.com
214-874-2339