NewPoint Real Estate Capital, Plano, Texas, provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing for the development of a workforce housing community being built in Victor, Idaho, near the state’s border with Wyoming.
Tag: NewPoint Real Estate Capital
MBA NewsLink Multifamily Roundtable: High Rates, Stalled Rents and New Roofs
As uncertainty dominates discussions about getting deals done, MBA NewsLink convened three multifamily finance executives, Chad Musgrove, John Lloyd and Carl McLaughlin, to get their opinions on where the apartment industry sits and where it’s headed next.
Dealmaker: NewPoint Provides $21M Construction Loan in Milwaukee
NewPoint Real Estate Capital, Plano, Texas, provided $20.6 million to develop Michigan Street Commons, a 99-unit affordable housing community to be built in Milwaukee, Wis.
Dealmaker: NewPoint Secures $12M for Affordable Housing Construction
NewPoint Real Estate Capital, Plano, Texas, provided $12 million in construction financing for The Flats at 402, a 54-unit affordable housing community to be built in Madison, Wis.
Dealmaker: NewPoint Real Estate Capital Provides $105M Bridge Loan
NewPoint Real Estate Capital LLC, Plano, Texas, provided a $105 million bridge loan for the acquisition and lease-up of SeventyOne15 McDowell, a new-build mid-rise apartment community in Scottsdale, Ariz.
Dealmaker: NewPoint Real Estate Capital Provides $35M in Multifamily Bridge Financing
NewPoint Real Estate Capital LLC, Plano, Texas, provided a $35.3 million bridge loan to River Rock Capital, New York, for a 198-unit multifamily community.
Industry Briefs Aug. 25, 2022: STRATMOR GROUP Addresses Challenging Leads Environment
In the mortgage industry’s current environment of rising rates, shrinking volumes and tight-enough-to-choke margins, lenders are faced with making tough decisions in their efforts to “right the ship,” according to mortgage advisory firm STRATMOR Group, Greenwood Village, Colo.
Industry Briefs Aug. 23, 2022: Vice Capital Markets Releases API for Freddie Mac Cash Purchase Statement
Vice Capital Markets, Novi, Mich., released an integration for Freddie Mac’s Cash Settlement Purchase Statement application programming interface.
Industry Briefs Aug. 10, 2022: TransUnion Says Serious Delinquencies ‘Normalizing’ to Pre-Pandemic Levels
TransUnion, Chicago, said the first half of 2022 concluded with a normalization in serious delinquency rates to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans.
Dealmaker: NewPoint Real Estate Capital Provides $50.7 Million in Freddie Mac Financing for Florida Multifamily
NewPoint Real Estate Capital, Plano, Texas, provided a $50.7 conventional Freddie Mac Multifamily loan on behalf of an affiliate of American Landmark LLC to refinance Reunion at 400, a 288-unit community in Kissimmee, Fla.