PLANO, Texas, and NORTH BETHESDA, Md. — NewPoint Real Estate Capital LLC, a Plano-based finance company, has acquired North Bethesda-based Housing & Healthcare Finance (HHC Finance), including its FHA multifamily and healthcare origination business and its loan servicing portfolio.
With a specialized focus on healthcare and seniors housing lending, HHC Finance will augment NewPoint’s existing suite of agency lending solutions. HHC Finance founders Erik Lindenauer and Rich Lerner will join NewPoint as co-presidents of the FHA housing business unit and lead the integration of HHC Finance’s team of approximately 50 professionals into NewPoint’s existing FHA origination and servicing business.
In the last decade, HHC Finance has closed approximately $7 billion in HUD loans, making it a leading HUD lender and one that is consistently ranked among the top HUD healthcare lenders in the U.S. after having spun off from CapitalSource in 2008.
“With the addition of HHC Finance, we have created a best-in-class FHA multifamily and healthcare lending platform that will drive significant growth and expansion and greatly enhance our ability to serve our clients’ needs,” says David Brickman, CEO of NewPoint.