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ewPoint Real Estate Capital has provided a $50 million bridge loan to Hillpointe, enabling the refinancing of Pointe Grand Plant City, a newly completed multifamily development in the Tampa Bay area. The two-year, floating-rate interest-only loan was originated by Trevor Ritter, managing director at NewPoint.
The 300-unit property features modern amenities such as smart home technology and electric vehicle charging stations. Residents enjoy access to a resort-style pool, fitness center, clubhouse, business center, and in-unit washers and dryers. Located in Plant City, the property benefits from its proximity to Lakeland and Tampa in Central Florida.
As a leading provider of financing solutions, NewPoint Real Estate Capital offers loan origination, servicing, and proprietary lending products for multifamily, affordable housing, seniors housing, health care, and manufactured housing properties across the US.
