NewPoint Real Estate Capital Provides $45.6 Million Fannie Mae DUS® Financing for Multifamily Community in Phoenix

PHOENIX, AZ – NewPoint Real Estate Capital LLC (“NewPoint”) announces it has provided a $45,658,000 10-year Fannie Mae DUS® loan to refinance a 200-unit luxury multifamily community in Phoenix. The transaction was originated by NewPoint Senior Managing Director John Motzel, working with Jeremy Korer of Cushman & Wakefield.

“In spite of a climate of rising interest rates, we were able to lock at favorable rates for the borrower with five years of interest only,” said John Motzel.

The recently constructed multifamily community consists of 200 detached apartment homes featuring smart home technology systems, high-end interior finishes including stainless steel appliances, granite countertops, and washers and dryers, as well as private fenced-in backyards. Community amenities include a club house, fitness center, a heated pool and spa, pet park and controlled entry.

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 bridge financing. For more information, please visit https://newpoint.com.