NewPoint Real Estate Capital Provides $50 Million Fannie Mae Loan for the Refinance of a Minneapolis MSA Multifamily Community

Minneapolis, MN (April 8, 2025) - NewPoint Real Estate Capital LLC (“NewPoint”) has provided a $50 million Fannie Mae Conventional loan to takeout the Sponsor’s construction loan on a multifamily property located just north of downtown Minneapolis. The property totals 296 units, approximately 14% of which are co-living units.

The seven-year, fixed-rate, full-term interest-only loan was originated by NewPoint Senior Managing Director, John DeWitt. “We were able to secure a competitive spread by layering green certification on top of the high affordability of the property,” said DeWitt. “We completed a significant amount of analysis and due diligence on the front end, which put us in the position to rate lock when rates dipped.”

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.