NewPoint Real Estate Capital Provides $29.8 Million Fannie Mae Loan for Sea View Villas in Los Angeles

LOS ANGELES, CA — November 24, 2025 — NewPoint Real Estate Capital LLC (“NewPoint”) has provided a $29.8 million Fannie Mae Conventional loan to refinance Sea View Villas, a 29-unit multifamily property located in Los Angeles, California.

The loan was originated by Laurie Morfin, Senior Managing Director, and David Bleiweiss, Managing Director, on behalf of GH Palmer.

“NewPoint worked closely with Fannie Mae to provide a great execution for the borrower, given the uniqueness of the property in the marketplace,” said Ms. Morfin.

The five-year, fixed-rate loan includes full-term interest-only payments and was structured with a 30-year amortization schedule, providing the borrower with both long-term stability and near-term cash flow flexibility.

Sea View Villas features expansive three-bedroom residences with ocean views and modern finishes, complemented by upscale amenities including a lap pool and jacuzzi, 24-hour fitness center, resident lounge, and concierge services. Located in the Pacific Palisades between the Santa Monica Mountains and the Pacific Ocean, the property offers convenient access to Pacific Coast Highway and nearby beaches.

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") which is one of the world’s largest independent investment managers with $1.69 trillion in total assets under management.

Media Contact

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

Investor Relations Contact

Lindsey Crabbe
L.Crabbe@BenefitStreetPartners.com
214-874-2339