NewPoint Real Estate Capital has launched a proprietary platform to originate a variety of financing products against affordable-housing properties. It’s teamed on the effort with Morgan Properties, among the country’s largest owners of apartment properties, which will provide capital and its know-how. Its aim is to provide $1 billion of funding annually, which should be enough to build or preserve roughly 4,000 units of affordable housing.
The post NewPoint Teams with Morgan Properties on Big Affordable-Housing Finance Effort appeared first on Commercial Real Estate Direct.
Leave A Comment