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Accomplishments Beyond NYC

CPC's innovative projects go beyond New York City to communities throughout New York State and New Jersey.

CPC's New Jersey office pioneered one of CPC's most successful and flexible loan products. It enables rehabilitation specialists to acquire and quickly recycle derelict 1-4 unit properties, which are common in Northeast New Jersey's urban areas. The office sets up revolving debt facilities for these borrowers that allow them to borrow and pay off debt as properties are renovated and sold. Thirty buildings have closed, and half of those have been paid off upon sale to homeowners. Other regional offices in New York State have successfully followed this example and have committed revolvers in the Hudson Valley, Syracuse and Buffalo.

CPC has also helped to rebuild deteriorated downtown neighborhoods in many communities beyond New York City. Many such historic downtowns, once vital centers for business and commercial activity, have fallen on hard times. CPC programs to revitalize these downtown areas have met with tremendous success in Syracuse, the Hudson Valley and Buffalo. Click here to read the New Rochelle success story or Click here to read the Buffalo success story

CPC has also been successful in financing group homes for special needs individuals throughout New York State. Working with the State of New York Mortgage Agency and various state social service agencies, CPC has provided the capital funds for the purchase and construction of many such facilities. Click here for our Special Needs Financing