NewPoint Impact Resyndication Bridge Loan
NewPoint Impact provides financing for the acquisition or refinancing of an affordable rental property being repositioned for a recapitalization with 4% LIHTCs.
- Nationwide rental projects being repositioned for a 4% LIHTC recapitalization.
- Experienced LIHTC developers.
MINIMUM INVESTMENT AMOUNT
1.05x DSCR. 95% Purchase Price.
Competitive spreads over 1 month term SOFR.
INTEREST RATE PROTECTION
Interest Rate Cap required.
2 years with two 1-year extension options.
Non-recourse with standard carve-outs.
3.0% if exit financing is not provided by a NewPoint affiliate.
TAXES AND INSURANCE ESCROW
REPLACEMENT RESERVE DEPOSITS
Standard application, origination and HUD fees apply. NewPoint’s outside counsel fee to be quoted for each transaction.
This sheet is designed solely as an aid to prospective borrowers and other clients on programs offered by NewPoint. It does not represent or imply a contract or a commitment to lend funds. A commitment to lend funds may only be made by a written letter issued by NewPoint to a prospective borrower. This sheet does not constitute an offer to sell, buy or the solicitation of an offer to buy any securities. This term sheet is subject to change at any time without notice at the sole discretion of NewPoint and its affiliates.