NewPoint Real Estate Capital Originates $73.45 Million Freddie Mac Loan for Multifamily Acquisition in North Las Vegas
NORTH LAS VEGAS, NV (
The five-year, fixed-rate loan includes full-term interest-only payments and was sized utilizing a 35-year amortization schedule. The sponsor, a repeat Freddie Mac and NewPoint borrower, purchased the 498-unit asset and intends to execute a robust capital improvement plan over the first four years of the loan.
Built in two phases in 2007 and 2008, the property offers one-, two-, and three-bedroom apartments equipped with in-unit washers and dryers, stainless steel appliances, central air conditioning, and private balconies or patios. Community amenities include two swimming pools, a clubhouse and fitness center, playgrounds, pet area, business center, garage, and both covered and open parking.
The suburban property is easily accessed by Interstate 15 and Clark County Route 215 and is near Nellis Air Force Base as well as several large employers, including hotels and casinos. The immediate neighborhood features a mix of residential and commercial development, with nearby schools, recreational facilities, and national big-box retailers.
NewPoint, a Fannie Mae DUS and Freddie Mac Optigo® lender, continues to expand its national platform through agency, proprietary, and affordable housing programs. Its offerings are structured to deliver flexible capital solutions that meet sponsor objectives and support the availability of high-quality rental housing.
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 FHA/HUD MAP and LEAN Lender, NewPoint also offers proprietary bridge and affordable housing financing.
Media Contact
Britni Ackrivo
backrivo@gregoryfca.com
484-504-9920
Dina Finnegan
Dina.Finnegan@newpoint.com
703-282-2516