NewPoint Real Estate Capital has recently introduced NewPoint BTR, a financing program specifically designed for single-family rental (SFR) build-to-rent projects. This program offers customized short-term bridge loans to top-tier real estate investors across the nation. Co-headed by managing directors Matthew Zall and Michael Golfman, this lending platform aims to support purpose-built communities in the SFR market.
According to CEO David Brickman, built-to-rent communities are becoming increasingly significant in the housing industry. With changing demographics and rising homeownership costs, not everyone can afford to purchase a single-family home. By investing in this financing platform, NewPoint demonstrates its commitment towards all segments of the rental housing market in America.
The target loan amount for NewPoint BTR is between $10 million and $50 million with collateral being purpose-built SFR communities such as townhomes or detached homes. These loans offer full-term interest only options along with terms of 24 months or longer and extension possibilities beyond that period.
