NewPoint Provides $50M Bridge Loan to refinance 300-unit, in lease-up, Pointe Grant Plant City Community near Tampa to Hillpointe

3/11/2025

|

MF&AffHsg News

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Market: Bridge Loan, MF: Garden

• Company: Hillpointe

NewPoint Real Estate Capital LLC has provided a $50 million lease-up bridge loan to Hillpointe LLC for the refinancing of Pointe Grand Plant City, a 300-unit asset located in Plant City, approximately 24 miles east of Tampa, Florida. Trevor Ritter of NewPoint originated the two-year, floating rate, interest-only loan.