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Construction &
Bridge Financing

Construction Financing

Whether your multifamily project is mixed-use, adaptive reuse of a historic building, affordable and supportive housing, the acquisition and rehabilitation of distressed property, or ground up construction – our team of experts will work with you to find the right financing solutions.

We also offer a full suite of permanent mortgage products that can be paired with our construction loans, or used separately to take out a construction loan from another financial institution. View our mortgage products, or contact one of our experts for more information.

Construction Financing

Construction loans from $250,000 – $15 million, with larger loans available.

Long-Term Fixed Rate Financing

SONYMA-insured permanent loans for the refinancing of a multifamily asset in New York State that can be rate-locked up to 24 months in advance.

HUD/FHA Construction and Rehab Loans

Fixed-rate construction and 40-year permanent loan available through HUD/FHA for the substantial rehabilitation or new construction of a multifamily property.


Bridge Financing

CPC’s Bridge loan products provides acquisition and pre-development financing to meet the short-term pre-construction financing needs of multifamily rental property developers. Not sure what option is the right one – contact one of our experts for more information.

Bridge to Construction Loan

Provides acquisition and pre-development financing to meet the short-term pre-construction financing needs of multifamily rental property developers in New York State.

Bridge to Brownfield Loan

Offers short term financing for projects on brownfield sites in New York State.

Bridge to Stabilization Loan

Allows us to meet the short-term financing needs of newly completed small multifamily rental properties that are not yet stabilized, by providing senior-secured loans ranging up to $8 million within New York and New Jersey.

Recently Financed

  • 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

  • Moderate Rehabilitation with Nonprofit Customer

    Supportive Housing for Domestic Violence Survivors

    Bronx, NY

    $2.7 Million

    CPC Construction Loan

    30

    Units

  • Moderate Rehabilitation of Mixed-Use Walk-Up Building

    ACCESS Customer

    Brooklyn, NY

    $1.15 Million

    CPC Construction Loan

    6

    Units

  • New Construction of Affordable Housing

    Schenectady, NY

    $333,000

    CPC Construction Loan

    4

    Units

What’s happening.

Find your local expert.

Get in touch with one of our experts to begin a conversation about your project.

  • Andrew D’Agostino

    Senior Vice President, Regional Director

    Central & Western New York

    [email protected]

    716-954-8904

  • Doug Olcott

    Senior Vice President, Regional Director

    Hudson Valley, New York

    [email protected]

    914-747-2570

  • Robert Riggs

    Senior Vice President, Regional Director

    New York City & Long Island

    [email protected]

    646-822-9428

  • Jaime Tuozzolo

    Senior Vice President, Regional Director

    Capital Region, New York

    [email protected]

    518-463-1776

  • Miriam Zinter

    Vice President, Mortgage Officer

    Rochester, New York

    [email protected]
  • Nicholas V. Petragnani, Jr.

    Senior Vice President

    Director of Upstate Revitalization

    [email protected]

    315-476-3173

Not sure where to start?

Your project runs better when we all work together.