Maximize your multifamily housing investment with unique, flexible capital solutions.

Permanent Financing
Our permanent lending products leverage CPC’s more than four decades of community revitalization experience and strategic relationships with our government partners to provide a suite of permanent loan products uniquely tailored to fit your multifamily mortgage needs. From acquisition to refinancing, our team of dedicated experts will work with you to find the most competitive terms and rates.
FHA Section 223(f)
  • Multifamily refinance and acquisition
  • Long-Term fixed rate
  • Up to 90% LTV

The Community Preservation Corporation (CPC) is a MAP approved lender. This loan product is for the purchase or refinance of existing multifamily housing with rehabilitation work allowed.

The Crawford Building
The Crawford building is a six-story, 33-unit senior residence located in Middletown, New York. CPC recently provided a permanent loan…
Freddie Mac Multifamily Workforce Housing Forward Rate-Lock Pilot Program
  • Fixed rate permanent financing in New York State
  • Interest rate is locked during construction

CPC is a long-time Freddie Mac Seller/Servicer and offers a full range of competitively priced, reliable mortgage products for multifamily properties. This pilot program offers refinancing options in connection with the new construction of substantial rehabilitation of a property.

Eligible Uses
  • Acquisition
  • Refinance
  • New Construction
  • Rehabilitation
160 West 142nd Street
One of CPC’s first loans under Freddie Mac’s Small Balance Loan (SBL) program, the $2.235 million loan will support the…
Freddie Mac Conventional Financing
  • Loan Size: $5 million - $100 million
  • 5, 7, 15 -Year Terms; 30 Year Amortization Standard
  • Fixed Rate

CPC is a long-time Freddie Mac Seller/Servicer and offers a full range of competitively priced, reliable mortgage products for the acquisition or refinance of multifamily properties. Fixed-rate and floating-rate loans are available ranging from $5 million to $100 million, with 5- to 10-year terms.

Regency Park Apartments
Regency Park Apartments, 2120 Western Avenue, Guilderland, New York This property, consisting of 26 apartment buildings with a total of…
Freddie Mac Small Balance Loan (SBL)
  • Loan Size: $1 million - $7.5 million
  • 5, 7, 15 -year Fixed-Rate Loan; 20-year Hybrid ARM
  • 30-year Amortization Standard in All Markets

CPC is a long-time Freddie Mac Seller/Servicer and proud to be an approved lender for their Small Balance Loan (SBL) product. This product provides loan amounts from $1 million to $6 million in all markets, with loans up to $7.5 million in top and standard markets. Lending for cooperative buildings in New York City is also available. This program offers flexible terms and prepayment options, competitive low rates, and streamlined pricing, underwriting, closing, and funding process.

Eligible Uses
  • Acquisition
  • Refinance
364 White Street, New Jersey
CPC’s SBL loans in New Jersey totaled $3,090,000, and will be used by the borrower to acquire two small multifamily buildings…
Long Term Fixed-Rate Financing
  • Forward Rate-Lock Up to 24 Months
  • Minimum Loan Size: $100,000
  • 15 and 30 Year Terms
  • Non-Recourse (with SONYMA Insurance)

Our longstanding partnerships with public pension funds, the New York City Retirement Systems (NYCRS) and the New York State Common Retirement Fund (CRF), as well as a private pension fund administered by Wespath Benefits and Investments, allow CPC to leverage their strength to bring stable permanent capital to our borrowers in New York State. Additionally, our Long Term Fixed-Rate Financing Product can be insured by the State of New York Mortgage Agency (SONYMA).

Eligible Uses
  • Acquisition
  • Refinance
The Huntley Building
The Huntley building was part of a federally subsidized rental portfolio known as the Eljay Apartments. After years of mismanagement…