Who’s News: Michael Staton Joins CPC

Real Estate Weekly
July 21, 2017

The Community Preservation Corporation (CPC) announced that Michael Staton, former Vice President of Commercial Real Estate Lending for TD Bank, N.A., has joined its loan originations team as a Vice President and Mortgage Officer.

Staton will take a lead role in bringing CPC’s suite of Freddie Mac and Federal Housing Administration (FHA) lending products to multifamily building owners throughout the Northeast region with a focus on cultivating new relationships in New Jersey.

With over three decades of commercial mortgage lending and real estate financing experience, Staton brings knowledge and expertise of the regional market to CPC.

From 1985 through 2012, he worked for New Jersey Housing and Mortgage Finance Agency (HMFA) where he built a foundation in accounting, asset management, financial management, and credit.

In 2004, he became Director of Multifamily Programs and Lending, a position he held until 2012. Under Staton’s leadership, the agency closed more than 200 multifamily developments with mortgages totaling more than $800 million.

Staton later became Vice President of Originations at WNC & Associates, where he managed investments in Low Income Housing Tax Credit properties. In 2015, he joined TD Bank where he led efforts to cultivate relationships with commercial real estate borrowers.

He also created lending structures for investors, leveraging an array of lending products from conventional construction and permanent financing, tax-exempt bond direct placement, bridge loans, and federal, state, and historic tax credit programs.

Staton received an M.A. in Human Services Administration from Rider University and a B.S. in Finance from Hampton University