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NewPoint Launches Build-to-Rent Financing Program
NewPoint Real Estate Capital launched NewPoint BTR, a single-family rental (SFR) build-to-rent financing program that provides customized short-term bridge loans to high-quality real estate investors for purpose-built communities on a national basis. Managing directors Matthew Zall and Michael Golfman serve as co-heads of the new lending platform.
“Built-to-rent communities play an increasingly important role in the housing market,” said Newpoint CEO David Brickman. “With shifting demographics coupled with increases in the costs of homeownership, not everyone who wants to live in a single-family home can afford to purchase one. Our investment in a build-to-rent financing platform demonstrates NewPoint’s ongoing commitment to supporting all sectors of the rental housing market in the U.S.”
Targeting loans of $10 million to $50 million secured by purpose-built communities of SFR homes—including townhomes, attached homes or detached homes—NewPoint BTR loans offer full-term interest only and 24-month or longer terms, with additional extension options.
Pictured: David Brickman.
- ◦Financing
