There’s been a miniature boom in new bridge street lending facilities. On Monday, NewPoint Real Estate Capital announced its multifamily bridge lending program. The target is tailored bridge loans for “short-term interim financing for acquisition, refinance, or recapitalization of multifamily investments.”

The loans will run from $5 million to $50 million, terms up to five years on “light to moderate transitional multifamily properties” in the US. The company is also claiming such features as prepayment provisions, in-house servicing for future funding and draw requests, and “competitive pricing and waived exit fees when loans are refinanced through one of NewPoint’s permanent financing options.”

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