NewPoint Provides $66 Million Freddie Mac Loan for the Acquisition of a Rockville Multifamily Community

ROCKVILLE, MD — (April 7, 2026) — NewPoint Real Estate Capital (“NewPoint”) has provided a $66 million Freddie Mac loan for the purchase of The Reed, a 417-unit multifamily community located in Rockville, Maryland. The acquisition was completed through a joint venture between Comstock Holding Companies, a leading real estate developer and asset manager specializing in mixed-use and transit-oriented properties, and a third-party Benefit Street Partners-advised institutional fund.

The five-year, fixed-rate Freddie Mac Conventional loan was structured with a full-term interest-only period and a 35-year amortization schedule, providing flexibility and enhanced cash flow for the sponsor.

NewPoint Senior Managing Directors John DeWitt and Martin Fayer arranged the financing as well as the equity component of the transaction.

“We’re pleased to support this acquisition with a financing solution that provides both flexibility and long-term stability,” said Mr. DeWitt. “The Reed represents a high-quality asset in a strong submarket, and we’re proud to partner with an experienced sponsorship team on this transaction,” he added.

Completed in 2015, The Reed is a 417-unit multifamily community offering a mix of one-, two-, and three-bedroom residences with modern finishes and a full suite of amenities, including a resort-style swimming pool, fitness center, resident lounges, and structured parking. The community is located in the highly desirable Rockville submarket, with access to a wide range of retail, dining, and employment centers.

About NewPoint Real Estate Capital
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 Real Estate Capital 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).

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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