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NewPoint, Lender Headed by Ex-Freddie Mac CEO, Buys HHC

  • NewPoint is headed by David Brickman, former Freddie Mac CEO
  • Aim is to grow healthcare, senior-housing origination programs
    

Photographer: Mike Kane/Bloomberg

NewPoint Real Estate Capital, an apartment building lender headed by David Brickman, former chief executive officer of Freddie Mac, has acquired Housing & Healthcare Finance LLC, a commercial real estate finance company. 

HHC Finance, based in Bethesda, Maryland, focuses on helping to finance nursing homes, apartment buildings catering to seniors, and other facilities. It is combining with NewPoint, which mainly finances apartment buildings with loans guaranteed by the Federal Housing Administration, Brickman told Bloomberg.