NewPoint Real Estate Capital has expanded its suite of agency lending solutions with the acquisition of certain assets of Housing & Healthcare Finance, including its Federal Housing Administration (FHA) multifamily and health care origination business as well as its loan servicing portfolio.

David Brickman
David Brickman

HHC Finance has a specialized focus on health care and seniors housing lending, which will strengthen NewPoint’s capabilities in those areas. HHC Finance founders Erik Lindenauer and Rich Lerner will join NewPoint as co-presidents of the FHA Housing Business Unit and will spearhead the integration of the approximately 50 professionals from HHC Finance to NewPoint’s existing FHA origination and servicing business. HHC Finance has been a leading Department of Housing and Urban Development (HUD) lender, closing approximately $7 billion in HUD loans in the last decade.

“With the addition of HHC Finance, we have created a best-in-class FHA multifamily and health care lending platform that will drive significant growth and expansion and greatly enhance our ability to serve our clients’ needs,” said NewPoint CEO David Brickman. “We are excited to have Erik, Rich, and the HHC Finance team join NewPoint. Their addition is a continuation of our strategy to bring on industry leaders to evolve our business and position NewPoint for continued growth in both the agency and proprietary lending spheres.”

NewPoint—a Fannie Mae DUS, a Freddie Mac Optigo, and a HUD/FHA MAP and Lean lender— was launched in the second quarter of 2021 through a partnership between leading commercial mortgage brokerage Meridian Capital Group and leading investment manager Barings.

“When we launched NewPoint earlier this year, we thought that we would be able to leverage the significant deep relationships and dominant presence Meridian has throughout the multifamily lending arena to create synergies between our clients, our lender relationships, and this new platform,” said Yoni Goodman, president of Meridian. “This acquisition and the partnership it represents truly demonstrate our ability to do that and to contribute to the growth of a unique and dynamic business.”