Products - Community Preservation Corporation

Construction Lending

Proprietary financing products for all types of multi-family construction in New York State.

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Construction Financing

Minimum Loan Size: $250,000

Competitive Terms and Rates

Streamlined Approval Process For Loans Under $1 million

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)

CPC Mortgage Company

We are a nationally licensed Freddie Mac Seller/Servicer, Fannie Mae lender, and Federal Housing Administration (FHA) Multifamily Accelerated Program (MAP) approved lender.

Learn more about CPC Mortgage Company

Fannie Mae Multifamily Affordable Housing

Flexible loan terms, and fixed- or variable-rate financing options

Flexible underwriting to specific affordable developments

5 - 30-year terms

Fannie Mae Small Mortgage Loan Program

5 - 30-year terms

Loans up to $3 million nationwide; Up to $5 million in certain eligible markets

Eligibility: Conventional properties; Multifamily Affordable Housing Properties; Cooperative Properties (market rate); and Manufactured Housing Communities.

FHA Section 221(d)(4)

Multifamily construction or substantial rehabilitation financing

40-year terms

Northeast Region and others on case by case basis.

Minimum loan size: $2 million

FHA Section 223(f)

Multifamily refinance and acquisition

Long-Term fixed rate

Up to 90% LTV

Freddie Mac Conventional Financing

Loan Size: $5 million - $100 million

5, 7, 15 -Year Terms; 30 Year Amortization Standard

Fixed Rate

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

Let us help you find the right financing to fit your project