National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
NewPoint Acquires HHC’s FHA Multifamily and Healthcare Origination Business
NewPoint Real Estate Capital LLC said Tuesday it had acquired certain assets of Housing & Healthcare Finance, including its FHA multifamily and healthcare origination business and its loan servicing portfolio.
With a specialized focus on healthcare and senior housing lending, HHC Finance augments NewPoint’s existing suite of agency lending solutions. HHC Finance Founders Erik Lindenauer and Rich Lerner will join Plano, TX-based NewPoint as co-presidents of the FHA Housing Business Unit.
In the past decade, HHC Finance has closed approximately $7 billion in HUD loans, making it a leading HUD lender. “With the addition of HHC Finance, we have created a best-in-class FHA multifamily and healthcare lending platform that will drive significant growth and expansion and greatly enhance our ability to serve our clients’ needs,” said David Brickman, CEO of NewPoint.
The transaction was made possible by the strong sponsorship NewPoint received from its owners, Meridian Capital Group and Barings.
Pictured: David Brickman.
- ◦Sale/Acquisition
