NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia.

The bridge loan, which was used to finance the purchase of the extended-stay hospitality property, includes future funding for capital improvements and is structured to support the borrower’s business plan to convert the asset into a multifamily community.

The financing was originated by NewPoint Director, Jacob Gabriel, on behalf of the borrower, Goodhomes Communities LLC. Currently operating as an extended-stay hotel, Clarion Collection Arlington Court Suites will undergo a comprehensive repositioning to multifamily use. Upon completion, the property will offer a mix of studio, one-, two-, and three-bedroom units.

“This transaction underscores the increased momentum behind adaptive reuse opportunities, particularly in high-barrier-to-entry markets like Arlington,” said Gabriel.

Join the region’s leading multifamily owners, developers, investors, lenders, and brokers at Connect Texas Multifamily on August 13 in Dallas for a focused discussion on the market forces redefining Texas real estate. Be in the room with the decision-makers driving deals and growth across Texas. Register today: www.ConnectTXMF2026.com.

The post NewPoint Originates $35M Financing for Arlington Hotel-to-Multifamily Conversion appeared first on Connect CRE.