When you work with CPC, we combine experienced guidance with deep local market expertise to create the best financing options for your transaction.
CPC was established in 1974 with the mission to restore and rebuild New York City’s aging, underserved neighborhoods. CPC focused its early efforts in Washington Heights in Manhattan and Crown Heights in Brooklyn due to widespread housing abandonment. As CPC expanded into the Hudson Valley in the late 1980s and statewide throughout the 1990s, the New York City office became the company’s headquarters and has since focused on serving the housing needs of communities in New York City’s five boroughs as well as neighborhoods throughout Long Island.
CPC’s history as a source of stable capital, our flexible products, and our long-term partnerships with government and community partners makes us uniquely positioned to address the needs in New York City and Long Island’s multifamily housing market.
Since inception, the New York City & Long Island Region office has closed more than 2,500 loans for a total investment of approximately $6.1 billion in public and private funding to help finance the creation or preservation of over 107,500 residential units.
Senior Vice President, Regional Director, New York City & Long Island
28 East 28th Street
New York, NY 10016
Senior Vice President, Regional Director, Hudson Valley
2 Church Street
Ossining, NY 10562
The Hudson Valley office was established in 1989 as CPC’s first office outside of New York City and currently serves the following counties: Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, and Westchester.
The initial efforts of the Hudson Valley office focused on addressing the unique community revitalization needs of Yonkers. Over the course of several years CPC invested approximately $217 million to help restore 70 percent of the vacant housing stock in the southwest section of the city.
Since that time, CPC has worked with our private and public sector partners throughout the region in underserved communities, and has made a major impact on the revitalization of several downtown areas. Recognizing the specific needs of Hudson Valley communities, many of these projects have focused on restoring small buildings in disrepair, containing fewer than 50 residential units.
Since inception, the Hudson Valley office has closed more than 750 loans for a total investment of approximately $1.4 billion in public and private funding to help finance the creation or preservation of more than 20,000 residential units.
Located in Albany, CPC’s Capital Region office was established in 1995 and currently serves the following counties: Albany, Clinton, Columbia, Essex, Franklin, Fulton, Greene, Hamilton, Montgomery, Rensselaer, Saratoga, Schenectady, Schoharie, Warren, and Washington.
CPC’s long history and experience in the region allow us to deliver flexible lending solutions tailored to fit the housing and revitalization needs of a diverse range of communities. Additionally, the strong relationships we’ve cultivated with State and local government have uniquely positioned the company to be at the forefront of critical housing policy discussions that help to shape our State’s communities.
Since inception, the Capital Region office has closed more than 400 loans for a total investment of approximately $710 million in public and private funding to help finance the creation or preservation of more than 14,000 residential units.
Senior Vice President, Regional Director, The Capital Region
54 State Street
Albany, NY 12207
Senior Vice President, Regional Director, Central New York
315 North Clinton Street
Syracuse, NY 13202
Located in Syracuse, CPC’s Central New York office was established in 1995 and currently serves the following counties: Broome, Cayuga, Chemung, Chenango, Cortland, Delaware, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Oneida, Onondaga, Ontario, Oswego, Otsego, Schuyler, Seneca, St. Lawrence, Steuben, Tioga, Tompkins, Wayne, and Yates.
In 2011, CPC brought its Western New York operations under the direction of the Syracuse office, where it operated as the Central and Western New York Regional office until 2016 when the company returned to Buffalo.
CPC has a track record of catalyzing development through new and strategic housing investments that focus on historic revitalization throughout the region. Their expertise and deep knowledge of the region, as well as relationships with local government have allowed CPC to bring significant new economic investment and housing renewal opportunity to several major downtown infrastructures, including hundreds of millions of dollars invested in revitalization projects in Syracuse and Rochester that have helped create or preserve thousands of residential and commercial units.
Since inception, the Central New York office has closed more than 350 loans for a total investment of approximately $840 million in public and private funding to help finance the creation or preservation of more than 16,000 residential units.
While CPC began lending in Western New York in the early 1990s, its Western New York office was originally established in Buffalo in 1995. The office currently serves the following counties: Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Niagara, Orleans, and Wyoming.
In 2011, CPC brought its Western New York operations under the direction of the Syracuse office, where it functioned as the Central and Western New York Regional office until 2016 when the company returned to Buffalo.
CPC’s decades-long history of work in the region has helped our partners solve the unique housing and community development challenges in Buffalo and throughout Western New York. The company has used its years of experience to aid the city’s efforts to bring significant new economic investment and housing renewal opportunity to Downtown Buffalo through the adaptive reuse and redevelopment of historic structures.
Over the course of its history CPC has closed more than 150 loans for a total investment of approximately $300 million in public and private funding to help finance the creation or preservation of more than 4,600 residential units.Related Success Stories
Senior Vice President, Regional Director, Western New York
500 Seneca Street,
Buffalo, NY 14204
Senior Vice President, Director of Originations
28 East 28th Street
New York, NY 10016
CPC’s Permanent Mortgage Lending platform leverages our more than four decades of community revitalization experience and strategic relationships with our government partners to provide our borrowers with a suite of permanent loan products uniquely tailored to fit their multifamily projects. This includes Freddie Mac Multifamily’s Small Balance Loan (SBL), Targeted Affordable, and Conventional Financing programs, as well as FHA 223(f), 223(a)(7), and 221(d)(4).
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