NewPoint, Morgan Properties launch affordable housing financing platform

NewPoint Real Estate Capital has launched NewPoint Impact, a proprietary affordable housing lending platform that pairs private capital with government-subsidized products to deliver a set of next-generation financing solutions.

NewPoint Impact is a partnership between NewPoint and Morgan Properties, one of the largest multifamily owners in the United States.

Under the leadership of NewPoint’s Rob Wrzosek, who recently was elevated to president, affordable strategies, NewPoint’s proprietary affordable team will work closely with the firm’s originators and mortgage-broker partners to offer the suite of NewPoint Impact products that provides affordable housing developers with a full gamut of flexible, custom-tailored solutions from construction loans to long-term permanent financing. Financing amounts start at $8 million and are available to both for-profit and non-profit 501(c)(3) developers, with terms ranging from two to 40 years, depending on the execution.