NewPoint provides $17.75 million bridge loan for multifamily acquisition

January 14, 2025 - Outside The Region

Somerset, NJ NewPoint Real Estate Capital’s has completed a $17.75 million bridge-to-HUD loan for Brentwood Park, a 77-unit multifamily property. This deal showcases NewPoint’s ability to deliver fast, tailored financing, closing in under 60 days to meet the sponsor’s needs. Brentwood Park, built in 2023, features modern apartments, on-site amenities, and a location near New Brunswick’s renowned healthcare and biotech hub.