Commercial/Multifamily People in the News May 19 2022
NewPoint Expands Seniors Housing Finance Platform with Sean Huntsman, Katherine Stewart
NewPoint Real Estate Capital LLC, Plano, Texas, hired Sean Huntsman as Senior Managing Director, Seniors Housing Originations and Katherine Stewart as Managing Director and lead for NewPoint’s Seniors Housing Agency Platform. The new hires expand NewPoint’s Seniors Housing & Healthcare lending platform, which aims to meet the capital needs of investors and operators across the full continuum of care.
The team will target expansion into the Fannie Mae and Freddie Mac seniors housing space in addition to originating proprietary bridge loan solutions for independent and assisted living properties. Huntsman and Stewart will be based in NewPoint’s new Southern California office.
With a career origination volume totaling more than $5 billion, Huntsman brings more than 30 years of experience originating Agency, bridge and construction loans for multifamily and seniors housing communities. He joins NewPoint from M&T Realty Capital Corp., where, as Executive Managing Director, he expanded the bank’s West Coast Healthcare Lending Group. Prior to that, he was an Executive Managing Director with Barings Multifamily Capital, working to establish the firm’s Seniors Housing Platform. He has also held roles with PNC Real Estate and ARCS Commercial Mortgage.
Stewart has more than 20 years of real estate lending experience, 15 of which have focused on building and managing Agency seniors housing platforms. She has analyzed over 1,500 transactions during her career and has been instrumental in the origination and closing of over $2 billion in seniors housing loans. She joins NewPoint from M&T Realty Capital Corp., where she was a Senior Vice President focused on structuring Fannie Mae and Freddie Mac debt products. Stewart has held prior roles at Barings Multifamily Capital, PNC Real Estate and ARCS Commercial Mortgage.
NewPoint acquired Housing & Healthcare Finance in December 2021. The firm recently secured the No. 2 spot for initial healthcare endorsements in the first half of HUD’s 2022 fiscal year.
Eastern Union Names Ben Weiss to Lead New Investment Sales Division
Eastern Union, New York, named Ben Weiss to the position of Senior Managing Director of Investment Sales for New York City and the Greater Tri-State Region.
While Eastern Union as a whole has primarily focused on commercial mortgage brokerage services over its 21-year history, it launched an investment sales division in September 2019 from its Mid-Atlantic regional office in Bethesda, Md. under the leadership of Alex Bensahel. Weiss’s arrival at the company signals the expansion of Eastern Union’s investment sales business into the New York City region.
Weiss comes to Eastern Union after an 18-year tenure with The Besen Group, a New York-based investment sales firm. He most recently held the position of Managing Director for Investment Sales with that company. Prior to that, he served as Director of Business Development with a major pharmaceutical vendor.
Weiss has closed sales transactions representing all asset classes throughout the New York City and tri-state region, including multifamily, bulk condominium packages, industrial, retail, office, mixed-use, distressed assets and note sales, as well as more complex development and assemblage transactions. He has had particular success in achieving above-market values for Brooklyn multifamily buildings. His record of accomplishment in this area derives from his highly nuanced knowledge of the borough, which itself is attributable to his decades of living and working in its various neighborhoods.
He recently closed on a complex multifamily sale in the Bay Ridge section of Brooklyn. Prior to his handling of this exclusive, two other New York City-based firms had represented the seller in the sale. Neither was able to achieve the seller’s desired sale price. Within 30 days of taking the assignment, Weiss succeeded in delivering the buyer with an above-market offer and with the specific terms needed by the seller.
