NewPoint Real Estate Capital Originates $53 Million Bridge Loan for Rochester Independent Living Portfolio

ROCHESTER, NY — (January 13, 2026) — NewPoint Real Estate Capital LLC (“NewPoint”) has originated a $53 million bridge loan to facilitate the acquisition of the Rochester Independent Living Portfolio, a five-property independent living portfolio totaling more than 700 units located in the Rochester, New York MSA.

The 24-month, non-recourse floating-rate loan provided by a debt fund, was originated by NewPoint Director, Cal Masterson and Managing Director, Kevin Laidlaw on behalf of Cougar Capital Management, Inc.

“This transaction required a flexible bridge solution with certainty of execution,” said Mr. Masterson. “We partnered closely with Cougar Capital to deliver a non-recourse structure that supports their operational strategy and provides a clear path to an agency refinance,” he added.  

Comprised of five independent living communities, the properties serve the growing senior population within the Rochester MSA. Upon acquisition, the borrower plans to transition property management to its operating partner - Willow Ridge Senior Living, implement cost-saving initiatives, and enhance operational efficiencies across the portfolio.

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. 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 $1.69 trillion in total assets under management (as of October 31, 2025).

Media Contact
Dina Finnegan
Dina.Finnegan@NewPoint.com
703-282-2516

Investor Relations Contact
Lindsey Crabbe
L.Crabbe@BenefitStreetPartners.com
214-874-2339