Lender NewPoint Real Estate Capital is bringing on additional staff to bolster its move into the investment sales brokerage space.
Tim Cobb started last month as managing director of healthcare real estate investment sales and will focus on sectors like senior housing, assisted living, and nursing and memory care facilities, Green Street News reported.
Cobb is planning to recruit more brokers, and the new hires will complement NewPoint’s existing healthcare loan operations, a spokesperson told Green Street.
“By integrating our healthcare lending capabilities with investment sales, we can offer borrowers a seamless experience from acquisition, ultimately driving greater volume and delivering comprehensive capital solutions,” they said in a statement.
Based in Chevy Chase, Maryland, Cobb is an alum of Berkadia and CFG Capital Markets and also ran his own firm, COBB Healthcare Real Estate.
NewPoint, based in Plano, Texas, was founded in 2021 by former Freddie Mac CEO David Brickman. It was acquired by Franklin BSP Realty Trust for $425M in March.
NewPoint’s status as an approved Freddie Mac, Fannie Mae and U.S. Department of Housing and Urban Development lender was reportedly a key part of why Franklin BSP was willing to spend so much on the company.
“By adding agency lending capabilities onto our platform, we’ve taken a major step toward delivering a fully integrated, ‘one-stop shop’ solution for our clients,” Franklin BSP President Michael Comparato said in a March release.
NewPoint has provided hundreds of millions of dollars in funding so far this year.
That includes a $28.6M Fannie Mae loan to refinance a 186-unit multifamily project in suburban Denver announced Wednesday. The lender provided similar loans for two multifamily borrowers in Los Angeles last month: $29.8M for a 29-unit complex in Pacific Palisades and $122.6M for a community in Downey.
Fannie Mae and Freddie Mac are government-sponsored enterprises, but President Donald Trump has expressed interest in rolling back their federal oversight. Pershing Square CEO Bill Ackman, the largest common shareholder of both entities, cautioned against doing that hastily last month.
