It could be argued that the last 30 months have presented the seniors housing and skilled nursing industries with their most adverse operating environment ever. Heading into 2023, at least some difficulties appear to be abating.
MHN interviewed Wrzosek about the affordable housing crisis and NewPoint Impact, a new lending suite that pairs private capital with government-subsidized products.
The designation as an approved Fannie Mae Seniors Housing Lender and Freddie Mac Optigo® Seniors Housing Lender is a result of the firm’s commitment to the seniors housing and healthcare space and its drive to offer clients a diverse product suite serving the full continuum of care.
NewPoint has launched a proprietary platform to originate a variety of financing products against affordable-housing properties. It's teamed on the effort with Morgan Properties, among the country's largest owners of apartment properties, which will provide capital and its know-how.
NewPoint Real Estate Capital and Morgan Properties have joined forces to offer a suite of products aimed at filling in gaps in the current array of affordable housing finance products.
NewPoint announces the launch of NewPoint Impact, a proprietary affordable housing lending platform that pairs private capital with government-subsidized products to deliver an innovative set of next-generation affordable housing financing solutions.
Susan Mudry has been elevated to Chief Operating Officer (COO) of the firm. Mudry takes over the COO reins from Phil Spellberg, who helped to found and launch NewPoint, and served in the role during the firm’s first year of operations. While he is formally retiring, Spellberg will remain a Senior Advisor to the firm for the next year.
Supply chain disruptors can be expensive, especially if you are looking to build now. That is according to Geri Borger Urgo, head of production at NewPoint Real Estate Capital.