One-Stop Financing Solutions for Multifamily Housing Developers

Do You Own a Small Multifamily Building in New York State & Seek Long Term Financing? If so, CPC & Freddie Mac’s Small Balance Loan offering may be the ideal fit for you.
NYC Local Law 84 requires owners of buildings over 50,000 SF to annually measure their energy consumption in a process called benchmarking - deadline to comply is 5/01/15.
Mayor de Blasio & Comptroller Stringer announce a partnership to establish a $350M fund to support affordable housing New fund will allow CPC to provide lending capital to housing developers for the acquisition, construction, rehab & preservation of affordable housing in NYC and NYS.
Poughkeepsie, NY This newly constructed development contains 71 affordable apartments for seniors, the homeless, and disabled veterans.
Bronx, NY L-R: DJ Kool Herc, former HPD Commissioner Visnauskas, WFHA principal John Crotty and CPC President & CEO Rafael Cestero celebrate the rebirth of 1520 Sedgwick Ave.
Port Washington, NY A partnership with the NYS Common Retirement Fund enabled CPC to provide this low-income Long Island complex with a $10.15M fixed-rate loan to help finance energy efficient components.
Pendell Commons Located in Poughkeepsie, this new 73-unit affordable housing community will provide affordable housing for families and seniors.
Eastern Parkway, Brooklyn Over three decades, CPC has financed over $400M in 250+ projects for over 8,000 housing units along Eastern Parkway and the surrounding area.
McKinley Square A significant CPC accomplishment can be seen with the development of the McKinley Square neighborhood in the South Bronx.
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How Can We Help?

Permanent, Freddie Mac, refinancing and rehab loans available in New York.

Start-to-finish support and technical assistance for borrowers

Over $8 billion invested; more than 157,000 affordable units financed since 1974

Working with public, private and non-profit developers

No deal too large, small or "unconventional" for consideration

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Past Work

See Our Work

November 14, 2014

Long-Vacant Historic Rochester Building to Transform into a Mixed-Use Development With 15 Apartments & Office Space

Recently, CPC joined with the City of Rochester, NYS officials and partners to celebrate a tape and spackling ceremony for the $4M mixed-use, certified historic rehabilitation...

"This project will restore an important landmark to its former beauty while further enhancing the significant investments that are already taking place in western Downtown. I want to thank Rafael Cestero, Doug Sutherland and all the men & women at CPC and Franklin Bevier LLC for helping us draw upon Rochester’s proud heritage to bring new energy and vitality to the Center City.”

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Rochester Mayor Lovely Warren

CPC has been selected to participate in Freddie Mac's Small Balance Loan Offering (SBL) as one of six lenders.
With this new offering, CPC and Freddie Mac will collaboratively meet the financial needs of small rental multifamily properties with five or more units in New York State by providing long-term capital.
Learn more