CPC Capital
Make CPC your first stop.
Our range of capital products and services gives CPC the flexibility to manage through market challenges and unique circumstances, and deliver solutions anywhere they’re needed in the capital stack. We offer excellent, hands-on customer service from quote to closing, and the life of the loan or investment.
Trusted Partner to Customers and Communities
Our team provides a unique blend of expertise that combines the trademark service and execution our borrowers value, with a focus on community impact through our loans and investments in multifamily housing. Our industry-leading expertise and deep connections to our government partners enable our customers to bring flexible capital to housing projects that make a difference in their communities.
Five Decades of Financial Expertise
With multifamily finance expertise built on more than 50 years of experience as a capital provider, CPC maintains an AA- rating with a stable outlook from S&P Global Ratings.
Construction Financing
CPC offers solutions for a range of multifamily rehabilitation and ground-up construction projects including both workforce and affordable housing. Our in-house experts specialize in: mixed-use, historic revitalization, affordable and supportive housing, the acquisition and rehabilitation of distressed property, and new construction.
Permanent
Financing
Our national mortgage loan product offering includes Freddie Mac, Fannie Mae, and HUD/FHA loans through CPC Mortgage Company, a nationally licensed seller/servicer. CPC also offers a proprietary, long-term fixed rate financing product for New York customers that is insured by SONYMA and backed by public and private pension funds.
Equity Investing
CPC invests in the new construction and preservation of multifamily properties to provide affordable or socially transformative housing.
Flexible Capital
CPC Offers a range of flexible capital solutions that allow us to meet the unique needs of our customers and communities. These include:
- Pre-development financing
- Bridge loans
- Subordinate debt
- Specialty financing for high performance and high impact housing
Current Programs
The Housing Central New York (HCNY) Fund is a $150 million initiative administered by The Community Preservation Corporation (CPC) to support the development of mixed-income rental housing and attainable homeownership opportunities across Central New York. Created in partnership with Empire State Development and CenterState, the Fund addresses rising housing demand driven by significant economic growth in the region.
The Capital Partnership for Affordable Renovation (CPAR) program was created by the New York City Department of Housing Preservation and Development (HPD) to enhance the efficiency of affordable housing rehabilitation efforts, ensuring that New Yorkers can enjoy safe and high-quality living conditions while preserving sorely needed affordable housing, meeting the needs of the current affordable housing crisis.
The Climate Friendly Homes Fund (CFHF) is a $250 million initiative launched by New York State Homes and Community Renewal (HCR) to help multifamily building owners across New York State transition to high-performance, all-electric heating, cooling, and hot water systems. The fund targets buildings with 5-150 units in economically disadvantaged communities, aiming to retrofit at least 10,000 units to reduce greenhouse gas emissions and improve energy efficiency. These funds will empower small building owners to identify and execute a scope of work to improve the energy efficiency of their buildings and decrease their greenhouse gas emissions.
Recently Financed
Gut Rehabilitation of Affordable 12-Story Building
All units will be available at or below 70% AMI
Albany, NY
$675,000
CPC Straight-to-Permanent Loan with NYS HCR, NYS HHAP, and the City of Albany
88
Units
Gut Rehabilitation of 3 Homes
Developer is graduate of CPC’s ACCESS Incubator Program
Buffalo, NY
$1.3 Million
CPC Construction Loan and NYS HCR Legacy City Funding
6
Units
New Construction of Fully Electric, Transit-Oriented Housing
First 100% electric multifamily project financed by CPC in Nassau County
Hicksville, NY
$7.5 Million
CPC Construction Loan
20
Units
New Construction of Mixed-Use Property
Camillus, NY
$10.8 Million
CPC Construction Loan
58
Units
Moderate Rehabilitation of 2 Nonprofit-Owned Multifamily Buildings
Electrification through NYSERDA/ HPD Pilot Program
New York, NY
$8.2 Million
CPC Construction Loan
126
Units
Gut Rehabilitation of 9 Vacant and Distressed Properties
Pre-Development Loan and Technical Support through CPC ACCESS
Amsterdam, NY
$900,000
CPC Construction Loan and NYS HCR Legacy City Funding
18
Units
New Construction of Affordable, Supportive, and Energy-Efficient Housing
40 Units Reserved for Individuals and Families Experiencing Homelessness
Oswego, NY
$13.7 Million
CPC Construction Loan with JP Morgan Chase
New Construction of Affordable, Supportive Housing
Affordable to Households Earning 30-60% AMI
Amsterdam, NY
$11 Million
CPC Construction Loan
62
Units
Rehabilitation of Mixed-Use Building
Affordable Apartments with Ground Floor Commercial Space
Buffalo, NY
$9.8 Million
CPC Construction Loan and NYS HCR PLP Funding
28
Units
Gut Rehabilitation of 4 Vacant Properties
Homeownership Opportunities for First-time BIPOC Purchasers and Low-Income Households
Kingston, NY
$2 Million
CPC Construction Loan and NYS HCR Legacy City Funding
4
Units
What’s happening.
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