NewPoint Real Estate Capital launched a new offering for its seniors housing clients to obtain agency. The commercial real estate finance company was approved as both a Fannie Mae seniors housing lender and Freddie Mac Optigo seniors housing lender, adding to its existing and robust HUD and bridge lending platforms. The platform will be overseen by Sean Huntsman, Managing Director, Seniors Housing Originations and Katherine Stewart, Managing Director and Platform Lead at NewPoint.
Eligible properties include independent living, assisted living and memory care facilities, as well as facilities with a limited amount (maximum 20% of NOI) of skilled nursing. Loans can be fixed- or floating-rate, with options for interest-only and a variety of prepayment structures. Terms range from five to 10 years, with up to 30 years for fixed-rate loans.
