$50M loan secured for Hillsborough County multifamily complex

Hillpointe, a Winter Park-based firm that built a 10 building apartment complex in Plant City, recently secured a $50 million bridge loan from NewPoint Real Estate Capital. The terms of the deal include a floating rate, interest-only loan to be paid over two years. 

“NewPoint was able to provide exceptional terms early in the lease-up process to help the borrower execute its business plan,” says Trevor Ritter, NewPoint’s managing director who originated the loan, in the statement. 

Hillpointe is a real estate development and investment management firm that specializes in general contracting, materials procurement, property management and capital markets capabilities.