NEW YORK, June 21, 2021 / PRNewswire / – Meridian Capital Group, the national leader in commercial mortgage brokerage, and Barings, one of the world’s leading investment managers, are pleased to announce the launch of NewPoint Real Estate Capital (“NewPoint”). NewPoint, who completed the previously announced the acquisition of Barings Multifamily Capital, will build on Meridian’s extensive relationships and the breadth of Barings’ lending and asset management capabilities to launch a new approach to multi-family finance.
The concept behind NewPoint is embodied in the name of the lending platform: it reflects a new point of view – one that encourages a shift from traditional multi-family financing practices to much more innovative and efficient models. By introducing new methods of making and executing multi-family loans, NewPoint is poised to deliver the best possible experience for borrowers, as well as the company’s originators, underwriters and service teams. But this is not a typical start-up: the entities behind NewPoint have a long history of success in the real estate and mortgage markets. Their outlook is forward-looking, but they are influenced by decades (and, in Barings’ case, centuries) of experience.
Who is who
David Brickman, CEO of NewPoint. As previously announced, Brickman joined Meridian as executive chairman in January. It came to Meridian from Freddie Mac, where, as CEO, he led the more than $ 2 trillion mortgage company during much of the COVID crisis. He was also a long time head of Freddie Mac’s multi-family business, where he transformed the business, increasing annual production to $ 16 billion in 2010 to nearly 80 billion dollars in 2018 and the implementation of the agency’s K-Deal securitization program. The Brickman and Meridian’s team Ralph herzka and Yoni Goodman were ranked # 21 on the Commercial Observerthe 2021 Power Finance list. In addition to his roles at NewPoint and Meridian, Brickman is a senior advisor to Stone Point Capital LLC, a private equity firm with extensive experience in the real estate finance and services industry.
Jeff lee, president of NewPoint. Lee also had an illustrious career in real estate finance. He co-founded Beech Street Capital in 2009. Following the acquisition of Beech Street by Capital One in 2013, Lee served as the company’s executive vice president and oversaw multi-family loans. In 2020, he and a colleague were ranked 43rd on the Commercial Observerfrom the Power Finance list.
Ralph herzka, President and CEO of Meridian, and Yoni Goodman, President of Meridian. Herzka and Goodman forged the joint venture as a way to build on Meridian’s 30-year history as a senior multi-family finance advisor, as well as past successes in the agency lending field. Under their leadership, Meridian served as America’s # 1 multi-family middleman for nearly a decade. In 2020, the company closed approximately 40 billion dollars financing, including $ 28 billion in multi-family financing. Herzka and Goodman will work closely with Brickman and Lee to chart NewPoint’s strategic growth.
David Brickman: “Through NewPoint, we intend to drive much-needed innovation in the multi-family sector by using technology to facilitate agency lending and reinvent multi-family securitization. We will achieve this by combining extensive resources and expertise. sector of Meridian with loans from Barings and asset management capabilities. “
Ralph herzka: âWe are delighted to embark on this new chapter. Our partnership with Barings will allow us to join forces with one of the world’s leading asset managers and reintroduce Meridian in the field of direct lending to branches. With the leadership, vision and creativity of David Brickman, our goal is for NewPoint to quickly become a go-to platform for multi-family financing nationwide. “
Yoni goodman: âThe closing of this transaction represents the next step in our roadmap for the growth and evolution of Meridian. As NewPoint is now launched, our focus will be on increasing its creations and product offerings, as well as growing Meridian mortgage brokerage and investment sales. divisions further nationwide.
Ben Argent, co-head of US real estate, Barings: âBarings is thrilled to have an ongoing role with NewPoint and its impressive team led by David and Jeff. The combination of Meridian’s world-class origination capabilities and Barings’ broad institutional strengths uniquely positions NewPoint to have a significant impact on all facets of multi-family finance. ”
For more information on NewPoint, please visit www.newpoint.com.
About Meridian Capital Group
Founded in 1991, Meridian Capital Group is the most active trader in the United States and a leading advisor in commercial real estate finance, investment sales and retail leasing in the country. In 2020, Meridian closed approximately 40 billion dollars in financing from more than 250 unique lenders. Meridian represents many of the world’s leading real estate investors and developers, and the company’s broad platform offers specialist practices for a wide range of property types including office, retail, multi-family, hotels , mixed uses, industries, health care and senior housing. Meridian is headquartered at New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida, and California. Learn more about www.meridiancapital.com.
Barings is a more than $ 326 billion * global investment manager who seeks differentiated opportunities and builds long-term portfolios in public and private bond markets, real estate and specialty stock markets. With investment professionals based in North America, Europe and Asia Pacific, the company, a subsidiary of MassMutual, aims to serve its customers, communities and employees, and is committed to sustainable practices and responsible investment. Learn more about www.barings.com.
* Assets under management at March 31, 2021
Meridian Capital Group