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NewPoint Real Estate Capital Completes Asset Acquisition of Housing & Healthcare Finance

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Merges Businesses to Expand Company’s FHA Multifamily and Healthcare Lending Platform.

Plano, TX (December 7, 2021) – NewPoint Real Estate Capital LLC (“NewPoint”) announced today it has acquired certain assets of Housing & Healthcare Finance (“HHC Finance”), including its FHA multifamily and healthcare origination business and its loan servicing portfolio.

With a specialized focus on healthcare and senior housing lending, HHC Finance augments NewPoint’s existing suite of agency lending solutions and strengthens the company’s healthcare and senior housing financing capabilities. HHC Finance Founders Erik Lindenauer and Rich Lerner will join NewPoint as Co-Presidents of the FHA Housing Business Unit and lead the integration of HHC Finance’s team of approximately 50 professionals into NewPoint’s existing FHA origination and servicing business.

In the last decade, HHC Finance has closed approximately $7 billion in HUD loans, making it a leading HUD lender and one that is consistently ranked among the top HUD healthcare lenders in the U.S. after having spun off from CapitalSource in 2008.

“With the addition of HHC Finance, we have created a best-in-class FHA multifamily and healthcare lending platform that will drive significant growth and expansion and greatly enhance our ability to serve our clients’ needs,” said David Brickman, CEO of NewPoint. “We are excited to have Erik, Rich, and the HHC Finance team join NewPoint. Their addition is a continuation of our strategy to bring on industry leaders to evolve our business and position NewPoint for continued growth in both the Agency and proprietary lending spheres.”

“We look forward to joining NewPoint at such a pivotal time and contributing to the expansion of its offerings,” said Lindenauer. “Additionally, we are thrilled to be able to provide a myriad of financing solutions to our clients to meet all their needs through NewPoint’s innovative processes, technology, and lending platform.”

“Joining NewPoint enables our team to leverage industry-leading resources, licenses, and expertise across all aspects of multifamily and healthcare real estate finance to disrupt the lending business,” said Lerner.

The transaction was made possible by the strong sponsorship NewPoint received from its owners, Meridian Capital Group and Barings, and their deep relationships within the real estate community.

“When we launched NewPoint earlier this year, we thought that we would be able to leverage the significant deep relationships and dominant presence Meridian has throughout the multifamily lending arena to create synergies between our clients, our lender relationships, and this new platform. This acquisition and the partnership it represents truly demonstrate our ability to do that and to contribute to the growth of a unique and dynamic business,” said Yoni Goodman, President of Meridian.

About NewPoint Real Estate Capital

NewPoint Real Estate Capital LLC is a joint venture of Meridian Capital Group, LLC, the nation’s leading commercial mortgage brokerage, and Barings LLC, one of the world’s leading investment managers. Launched in second quarter 2021, NewPoint leverages technology, data, and proprietary capital solutions to provide an innovative suite of financing products to investors of multifamily, affordable housing, senior housing, healthcare, and manufactured housing properties. NewPoint is a Fannie Mae DUS®, Freddie Mac Optigo®, and HUD/FHA MAP and LEAN Lender.

Contact:

Stefan Pollack

The Pollack Group

stefan@pollackgroup.com

310.780.2364

Elyse Bandel

NewPoint Real Estate Capital

Elyse.bandel@newpoint.com

917.447.0143