NewPoint Real Estate Capital Provides $49 Million Loan For 288-Unit Evolve At The Pines In Greenville NC

The asset involved in this transaction is the Evolve at the Pines apartments, a multifamily property located at 1215 Evolve Way, Greenville, NC. The asset comprises 288 units and received a loan from NewPoint Real Estate Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,000,000
• Loan Date: 04/15/2026
• Lender: NewPoint Real Estate Capital
• Market: Greenville, NC
• Units: 288

This transaction is notable for NewPoint Real Estate Capital providing a two-year loan to support the lease-up and stabilization of the property ahead of a potential permanent agency loan.