Lee co-founded Beech Street Capital in 2009 and served as the executive vice president of the business, overseeing multifamily lending, after it was acquired by Capital One in 2013. Brickman is a senior advisor to private equity firm Stone Point Capital LLC in addition to his roles at NewPoint and Meridian. Meridian Capital helped me find my way back to what truly mattered in my life.' - Candice R., Candles by Candice. He also served as the long-time head of the Freddie Mac’s Multifamily business, in which role he raised annual production from $16 billion in 2010 to nearly $80 billion eight years later. The company’s majority ownership of NewPoint is subject to grow over time, and the new joint venture will be governed by a board of directors that is majority controlled by Meridian, the firm indicated in a previous statement.īrickman joined Freddie Mac in 1999 and was named CEO of the government-sponsored enterprise in 2019. Meridian, one of the nation’s top commercial real estate finance advisors, closed about $40 billion of financing including $28 billion in multifamily financing last year. Jeff Lee, President, NewPoint Real Estate. NewPoint will utilize “innovative and efficient” methods to originate and execute multifamily loans, drawing on technology as well as the combined strengths of Meridian’s relationships in the sector and Barings’ lending and asset management capabilities, the companies said. Meridian Chairman & CEO Ralph Herzka and President Yoni Goodman will work closely with Brickman and Lee to guide NewPoint’s strategic growth, according to a statement. Real estate finance veteran Jeff Lee, co-founder of Beech Street Capital, holds the title of president at the new platform. At the time, Meridian said it would own a majority of the newly created platform, which would be operated as a standalone business under its own name and branding.īrickman, who joined Meridian as executive chairman in January, serves as CEO of NewPoint, leading the joint venture’s dedicated management team. The new platform is the result of Meridian and Barings’ now-completed acquisition of Barings Multifamily Capital LLC, a deal that was first announced in January. Image courtesy of Meridian Capital GroupĬommercial mortgage brokerage Meridian Capital Group and investment manager Barings have launched NewPoint Real Estate Capital, a multifamily lending platform headed by former Freddie Mac CEO David Brickman. The lines between fintech, blockchain and legacy finance are becoming increasingly blurred.David Brickman, CEO, NewPoint Real Estate. The token also comes with useful characteristics that may greatly enhance the user’s experience, such as historic result, fund description and strategy. Via a personal platform account, verified investors can view the token’s historic results, fund description, strategy and much more. Audited fund structure to give users the opportunity to complete due diligence on companies ahead of any potential investments.Flexible monthly liquidity, meaning that users aren’t tied down to their investments beyond their will.High portfolio transparency, making company information on financial reports and investment positions on funds readily available to investors Commercial mortgage brokerage Meridian Capital Group and investment manager Barings have launched NewPoint Real Estate Capital, a multifamily lending.An SEC-registered Investment Advisor that currently manages $689 million worth of assets.The Prime Meridian Capital token offers a host of features including: With an annual net return of up to 8% from a secure real estate loan portfolio, Blackmoon’s latest Asset Token also boasts a maintained low default with annualised loss rates. The Fund is managed by Prime Meridian Capital Management – an alternative lending SEC-registered Investment Advisor with $700 million in assets under management and more than 6 years of track record. The BMxPMR token aims to bridge the gap between traditional and crypto investments through the inclusion of high portfolio transparency, flexible monthly liquidity, and audited fund structure.Īvailable on the Blackmoon Platform Showcase, the BMxPMR token is an asset token tracking the performance of the Prime Meridian Real Estate Lending Fund (the Fund). Building on the recent launch of their three crypto strategies, Blockchain FinTech company, Blackmoon, has announced the release of its Prime Meridian Capital token (BMxPMR).
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