Bridge to Agency Financing

NewPoint offers a customized and flexible bridge lending solution to provide short-term, efficient, interim financing for the acquisition, rehabilitation or stabilization of multifamily properties looking to refinance with Agency debt in the future. The program allows for flexible loan terms and a streamlined execution tailored to the borrower’s business plan.

 

TERMS

Generally, three-year initial terms with extensions up to five years.

LOAN AMOUNT

$10 million to $400 million+

PROPERTY TYPES

Conventional, affordable, students, build-to-rent, seniors housing

LTV / LTC

Up to 75% of total cost with ability to structure additional leverage

DSCR

Generally, 1.25x upon stabilization

RATE

Competitive risk adjusted spreads floating over 30-day SOFR

PREPAYMENT PROVISIONS

Flexible, subject to minimum interest

RECOURSE

Non-recourse subject to standard carveout provisions

ESCROWS

Tax and insurance escrows generally required

FEES

1.0% origination and exit fees (exit fee waived with NP agency refi)

GEOGRAPHY

Top 75 U.S. MSAs

 

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.