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NewPoint Real Estate Capital Originates $73.4M Freddie Mac Loan for Multifamily Acquisition in North Las Vegas
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NewPoint Real Estate Capital Originates $73.4M Freddie Mac Loan for Multifamily Acquisition in North Las Vegas
NORTH LAS VEGAS, NEV. — NewPoint Real Estate Capital has provided a $73.4 million Freddie Mac loan to finance the purchase of a garden-style multifamily property in North Las Vegas. The five-year, fixed-rate loan includes full-term interest-only payments and a 35-year amortization schedule. John DeWitt of NewPoint originated the loan. The sponsor, a repeat Freddie Mac and NewPoint borrower, purchased the 498-unit asset and plans to implement an …
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