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

Agency Lending
CPC is a one-stop-shop providing our borrowers with a team of experts that have deep experience in Agency lending. We are a nationally licensed Fannie Mae lender, Freddie Mac Optigo lender, and Federal Housing Administration (FHA) Multifamily Accelerated Processing (MAP) approved lender. Whether for acquisition, refinancing, or rehabilitation, CPC provides certainty of execution and a team of originators, analysts and underwriters solely dedicated to the multifamily Agency lending process.
Construction to Permanent Loans

HUD/FHA mortgage products offered through CPC Mortgage Company are reliable, fixed-rate financing products for rehabilitation, new construction, or acquisition/refinance with some rehabilitation work permitted.

 

FHA Section 221(d)(4)

CPC Mortgage Company is a MAP-approved lender. The 221(d)(4) product is a fixed-rate construction and 40-year permanent loan covering the substantial rehabilitation or new construction of a multifamily property.

 

  • Multifamily construction or substantial rehabilitation financing
  • 40-year terms
  • Northeast Region and others on case-by-case basis.
  • Minimum loan size: $2 million

 

Eligible Uses

  • New Construction
  • Rehabilitation

 

 

FHA Section 223(f)

CPC Mortgage Company is a MAP approved lender. This loan product is for the purchase or refinance of existing multifamily housing with rehabilitation work allowed.

 

  • Multifamily refinance and acquisition
  • Long-Term fixed rate
  • Up to 90% LTV

 

Eligible Uses

  • Acquisition
  • Refinance

 

Small Loans

CPC Mortgage Company offers financing tailored to the unique needs of small building owners with flexible small loan options from both Freddie Mac and Fannie Mae up to $7.5 million. In large markets, the flexibility of these products streamlines underwriting, provides quick closing, and guarantees an easy execution that is predictable across all market cycles.

 

Freddie Mac Small Balance Loan

CPC Mortgage Company is a longtime Freddie Mac partner and proud to be an approved Optigo lender for their Small Balance Loan (SBL) product. This product provides loan amounts from $1 million to $7.5 million in all markets, with loans up to $6 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.

20-year term with initial 5- 7-, 10-year hybrid ARM and fixed 5,7, and 10 year options available

 

  • Loan Size: $1 million – $7.5 million
  • 20-year term with initial 5- 7-, 10-year hybrid ARM and fixed 5,7, and 10 year options available
  • 30-year Amortization Standard in All Markets

 

Eligible Uses

  • Acquisition
  • Refinance

 

 

Fannie Mae Small Mortgage Loan Program

With flexible loans up to $6 million, the Fannie Mae Small loan program offers flexible terms and loans up to $6 million.

 

  • 5 – 30-year terms
  • Loans from $750,000 to $6 million in eligible markets
  • Eligibility: Conventional properties; Multifamily Affordable Housing Properties; Cooperative Properties (market rate); and Manufactured Housing Communities.

 

 

FHA Section 221(d)(4)

CPC Mortgage Company is a MAP-approved lender. The 221(d)(4) product is a fixed-rate construction and 40-year permanent loan covering the substantial rehabilitation or new construction of a multifamily property.

 

  • Multifamily construction or substantial rehabilitation financing
  • 40-year terms
  • Northeast Region and others on case-by-case basis.
  • Minimum loan size: $2 million

 

Eligible Uses

  • New Construction
  • Rehabilitation

 

 

FHA Section 223(f)

CPC Mortgage Company is a MAP approved lender. This loan product is for the purchase or refinance of existing multifamily housing with rehabilitation work allowed.

 

  • Multifamily refinance and acquisition
  • Long-Term fixed rate
  • Up to 90% LTV

 

Eligible Uses

  • Acquisition
  • Refinance

 

Conventional

CPC Mortgage Company offers a full range of competitively priced, reliable mortgage products for the acquisition or refinance of conventional multifamily properties.

 

Freddie Mac Conventional Financing

CPC Mortgage Company is a Freddie Mac Optigo Conventional lender Fixed-rate and floating-rate loans are available ranging from $5 million to $100 million, with 5- to 10-year terms.

 

  • Loan Size: $5 million – $100 million
  • 5, 7, 15 -Year Terms; 30 Year Amortization Standard
  • Fixed Rate

 

Eligible Uses

 

  • Acquisition
  • Refinance

 

 

FHA Section 221(d)(4)

CPC Mortgage Company is a MAP-approved lender. The 221(d)(4) product is a fixed-rate construction and 40-year permanent loan covering the substantial rehabilitation or new construction of a multifamily property.

 

  • Multifamily construction or substantial rehabilitation financing
  • 40-year terms
  • Northeast Region and others on case-by-case basis.
  • Minimum loan size: $2 million

 

Eligible Uses

  • New Construction
  • Rehabilitation

 

 

FHA Section 223(f)

CPC Mortgage Company is a MAP approved lender. This loan product is for the purchase or refinance of existing multifamily housing with rehabilitation work allowed.

 

  • Multifamily refinance and acquisition
  • Long-Term fixed rate
  • Up to 90% LTV

 

Eligible Uses

  • Acquisition
  • Refinance

 

Affordable

Providing access to financial products for the construction, acquisition and refinance of multifamily communities, particularly those affordable to people making less than area median income, has been a core mission at The Community Preservation Corporation since its inception in 1974. CPC Mortgage Company focuses on this mission by offering customers access to loan executions for the acquisition, refinance, and rehabilitation of multifamily affordable properties.

 

Freddie Mac Targeted Affordable Housing

Freddie Mac Optigo Targeted Affordable Housing (TAH) loans are available to preserve affordable rental housing in underserved communities. Eligible properties are affordable to families with low and very-low incomes and may include Section 8 financing, Section 236 financing, tax abatement, or other affordability components. CPC is able to provide cash loans, bond credit enhancements, tax-exempt loans, and other options.

 

Eligible Uses

  • Acquisition
  • Refinance
  • Rehabilitation

 

 

  • Fixed or floating-rate financing
  • Interest-only options available
  • Up to 80% – 90% LTV
  • 30-year or 35-year amortization
  • Up to 3.5 year forward rate-lock available

 

Fannie Mae Multifamily Affordable Housing

Fannie Mae Multifamily Affordable Housing (MAH) loans preserve the affordability of subsidized rental housing through long-term financing. CPC can offer flexible terms and competitive pricing, fixed- or variable-rate financing options, and certainty and speed of execution. Eligible projects include various affordable housing modalities such as expiring Low-Income Housing Tax Credit deals, refinancing of tax-exempt bonds, RAD-eligible properties, HUD Section 8 HAP Contract properties, existing Rural Housing Services Section 515 loans, and loans insured under Sections 202 or 236 of the National Housing Act.

 

  •  Flexible loan terms, and fixed- or variable-rate financing options
  • Flexible underwriting to specific affordable developments
  • 5 – 30-year terms

 

Eligible Uses

  • Acquisition
  • Refinance
  • Rehabilitation

 

 

FHA Section 221(d)(4)

CPC Mortgage Company is a MAP-approved lender. The 221(d)(4) product is a fixed-rate construction and 40-year permanent loan covering the substantial rehabilitation or new construction of a multifamily property.

 

  • Multifamily construction or substantial rehabilitation financing
  • 40-year terms
  • Northeast Region and others on case-by-case basis.
  • Minimum loan size: $2 million

 

Eligible Uses

  • New Construction
  • Rehabilitation

 

 

FHA Section 223(f)

CPC Mortgage Company is a MAP approved lender. This loan product is for the purchase or refinance of existing multifamily housing with rehabilitation work allowed.

 

  • Multifamily refinance and acquisition
  • Long-Term fixed rate
  • Up to 90% LTV

 

Eligible Uses

  • Acquisition
  • Refinance

 

Freddie Mac Targeted Affordable Housing
  • Fixed or floating-rate financing
  • Interest-only options available
  • Up to 80% - 90% LTV
  • 30-year or 35-year amortization
  • Up to 3.5 year forward rate-lock available

Freddie Mac Optigo Targeted Affordable Housing (TAH) loans are available to preserve affordable rental housing in underserved communities. Eligible properties are affordable to families with low and very-low incomes and may include Section 8 financing, Section 236 financing, tax abatement, or other affordability components.  CPC is able to provide cash loans, bond credit enhancements, tax-exempt loans, and other options.

Term Sheets

Eligible Uses
  • Acquisition
  • Refinance
  • Rehabilitation
Term Sheets
Contact
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 Multifamily Affordable Housing (MAH) loans preserve the affordability of subsidized rental housing through long-term financing. CPC can offer flexible terms and competitive pricing, fixed- or variable-rate financing options, and certainty and speed of execution. Eligible projects include various affordable housing modalities such as expiring Low-Income Housing Tax Credit deals, refinancing of tax-exempt bonds, RAD-eligible properties, HUD Section 8 HAP Contract properties, existing Rural Housing Services Section 515 loans, and loans insured under Sections 202 or 236 of the National Housing Act.

 

Eligible Uses
  • Acquisition
  • Refinance
  • Rehabilitation
Term Sheets
Contact
Fannie Mae Small Mortgage Loan Program
  • 5 - 30-year terms
  • Loans from $750,000 to $6 million in eligible markets
  • Eligibility: Conventional properties; Multifamily Affordable Housing Properties; Cooperative Properties (market rate); and Manufactured Housing Communities.

CPC offers financing tailored to the unique needs of small building owners with flexible loans up to $6 million. In large markets, the flexibility of these products streamlines underwriting, provides quick closing, and guarantees an easy execution that is predictable across all market cycles.

Eligible Uses
  • Acquisition
  • Refinance
Term Sheets
Contact
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

CPC is a MAP-approved lender. The 221(d)(4) product is a fixed-rate construction and 40-year permanent loan covering the substantial rehabilitation or new construction of a multifamily property.

Eligible Uses
  • New Construction
  • Rehabilitation
Term Sheets
Contact
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.

Eligible Uses
  • Acquisition
  • Refinance
Term Sheets
Contact
Freddie Mac Conventional Financing
  • Loan Size: $5 million - $100 million
  • 5, 7, 15 -Year Terms; 30 Year Amortization Standard
  • Fixed Rate

CPC is a Freddie Mac Optigo Conventional lender 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.

Eligible Uses
  • Acquisition
  • Refinance
Term Sheets
Contact
Freddie Mac Small Balance Loan
  • 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 partner and proud to be an approved Optigo lender for their Small Balance Loan (SBL) product. This product provides loan amounts from $1 million to $7.5 million in all markets, with loans up to $6 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
Term Sheets
Contact