Meridian Capital Group and Barings are starting the week with a bang. The partnership’s new lending platform, NewPoint Real Estate Capital, launches today, Commercial Observer has learned.
The partnership, first announced in January, is also backed by private equity firm Stone Point Capital. Since the announcement, NewPoint has completed its acquisition of Barings Multifamily Capital and is ready to hit the market, leveraging Meridian’s relationships and Barings’ lending and asset management capabilities.
The new platform is led by David Brickman as CEO and Jeff Lee as president. Brickman was formerly CEO of Freddie Mac, while Lee was previously the head of multifamily and head of underwriting and asset management at Capital One.
In addition to Lee, NewPoint has hired six other multifamily heavy hitters to its senior management team, each with 20+ years of experience within multifamily and agency lending: Phil Spellberg, chief operating…