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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