GSN Roundup: NewPoint Property-Sales Fray

Top stories in US CRE News this week:

Real Estate Alert 12.02.25 
Lender NewPoint Enters Property-Sales Fray

NewPoint Real Estate Capital, a well-known agencv and bridge lender, has entered the investment-sales business with the hire of an industry veteran to arrange healthcare-property trades.

Tim Cobb joined NewPoint on Nov. 24 as a managing director reporting to Erik Lindenauer, president of the firm’s Federal Housing Administration business. Cobb’s mandate encompasses deals nationally across sectors, including those involving still-nursing, senior-housing, assisted-living and memory-care properties. He also plans to recruit additional brokers.

Cobb, based in Chevy Chase, Md., presumably will piggyback off the firm’s agency debt producers to help build a pipeline of clients and listings. NewPoint also recently launched a bridge-loan initiative aimed at healthcare-related properties.

The “strategy is for both teams to work in tandem, aligning financing solutions with acquisition and disposition strategies,” a spokesperson said. “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.”

Cobb most recently ran his own advisory firm, COBB Healthcare Real Estate. Before that, he spent four-and-a-half years at Berkadia, leaving as a managing director and senior-housing investment-sales leader.

He also has held senior roles at Blueprint Healthcare Real Estate Advisors, CFG Capital Markets and Heavenrich & Co., as well as stints at KeyBank and GE Capital.

NewPoint, based in Plano, Texas, was bought this year by Benefit Street Partners for $425 million. Last year, it hired Bank of America to advise on strategic options, including a potential sale. The higher-than-expected price tag was attributed to NewPoint’s status as an approved lender for Fannie Mae, Freddie Mac and HUD, as well its sizable loan-servicing book.

It’s not clear whether Benefit Street is looking to expand further into investment sales or will just focus on the healthcare niche.

NewPoint was founded in 2021 by former Freddie chief executive David Brickman, with financial backing from Meridian Capital, Barings and Stone Point Capital. Brickman and a host of senior staffers left last year.

Meridian, once a giant in agency lending as a top debt brokerage, was blacklisted by Fannie and Freddie after the discovery of misrepresentations in some loan documents. Meridian has since been reinstated.