- Provides financing during lease-up and stabilization before agency take-out.
- Delayed draw acquisition facility to support the purchase of newly constructed homes during the term of the loan.
- Non-recourse loan.
Purpose-built communities of single-family rental homes, including town homes, attached homes, and detached homes.
Crossed first lien mortgages, assignments of rents and equity pledge.
Purchase, rate-term refinance or cash-out refinance.
2-year initial term with extension options.
$10 million to $50 million, with larger loans considered on a case-by-case basis.
Up to 75%.
Competitive risk adjusted spreads floating over SOFR.
Full-term interest only.
TAX AND INSURANCE ESCROW
DEBT SERVICE RESERVE
Non-recourse except for standard carve-out provisions.
Standard origination, application and exit fees apply, with NewPoint waiving exit fees when loans are refinanced through one of its permanent financing options.