Real Estate Journal — March 29 - April 11, 2019 — 3A
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M id A tlantic
M id A tlantic R eal E state J ournal
EW YORK CITY , NY — The Commu- nity Preservation Company builds team of experts in Freddie Mac, Fannie Mae, FHA Financing CPC launches CPC Mortgage Company LLC, a one-stop-shop specializing in agency lending N
technical assistance and deal execution. While offering prod- ucts for a broad range of capital needs including flexible bridge loans, with strong ties to the parent company and its mis- sion, CPC Mortgage Company LLC has unique institutional expertise in affordable, stabi- lized housing and small build- ings/small balance loans. “It was important to us that CPC Mortgage Company not just be successful, but that it helps to further the nonprofit mission of CPC and that it’s true to our core values,” said Rafael Cestero , president & CEO of CPC. “Having products that target affordable housing
in 2015, and soon added both Fannie Mae and FHA licenses. “The launch of CPC Mort- gage Company LLC, brings our trademark dedication and ability to execute to borrowers looking for the opportunities that Agency products offer,” said Sadie McKeown , EVP and chief operating officer at CPC. “It’s not just about originating – we’re here to build relationships and put our bor- rowers in the best position to be successful for the long-term.” By offering its trademark hands-on technical assistance, CPC found success early and built a robust Agency platform with products that compliment-
ed the company’s mission and decades of history of financing small buildings and affordable housing. Leadership at CPC created the foundation of its new team from inside the com- pany, and recruited profession- als with years of experience in Agency originations, analysis, underwriting, and asset man- agement. For the last two fiscal years, the Agency team operated un- der the CPC umbrella, but with originations in Fiscal Year 2018 at nearly $500 million over a portfolio of 154 loans, it was time to officially launch CPC Mortgage Company LLC as a stand-alone subsidiary.
and small buildings is a perfect fit. Those are areas where our decades of experience put us in a position to provide un- matched value to our customers and communities.” CPC has been a leader in the multifamily finance industry since its founding in 1974, focusing on the needs of un- derserved communities and the unique capital challenges faced by owners and managers. CPC started its relationship with Freddie Mac in 1994 as a con- ventional lender. To help meet the needs of its core constitu- ency of small building owners, the company became a Small Balance Loan seller/servicer
C o r p o r a - tion (CPC) , a nonprofit a f f o r d a b l e housing and c ommun i t y r e v i t a l i z a - tion finance company, an- nounced the
Rafael Cestero
launch of CPC Mortgage Company LLC , a subsidiary created solely to focus on the company’s rapidly growing Agency lending business. CPC Mortgage Company LLC was officially introduced at a recep- tion on February 11th during the Mortgage Bankers As- sociation’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019 (CREF19) in San Diego, CA. CPC Mortgage Company LLC offers a suite of Freddie Mac, FannieMae , and Feder- al Housing Administration (FHA) products for acquisition, refinance, rehabilitation and construction for multifamily properties. This new one-stop shop provides borrowers with a team of experts with deep experience in all aspects of the Agency business to ensure that borrowers receive unmatched economic fronts. The Focus of 2018 economic and market trends going for- ward might best be summa- rized by 19th Century, Amer- ican essayist Henry David Thoreau’s quote, and “Success usually comes to those who are too busy to be looking for it.” The historic decade plus of steady economic growth seems to mirror Thoreau’s words of yore. This begs the question as to when the next downturn occurs. Historically, the U.S. business cycle downturns occur within one or two years of the economy reaching full employ- ment. Generally coupling with another imbalance, such as, inflation, high interest rates, trade wars or other anomalies. No obvious imbalances cur- rently appear postured to trig- ger such an event; settling the current trends into a continued period of stable noninflationary growth. Time will tell. Jay Haines is a Vice Presi- dent at NAI Summit. continued from page 2A Market Trends and Future . . .
UNMATCHED SERVICE AND EXECUTION Fannie Mae • FHA • Freddie Mac Multifamily Capital Solutions
Construction Refinance Acquisition Conventional Financing
Affordable Housing Small Balance Loans Flexible Bridge Financing
CUSTOMIZE YOUR CAPITAL SOLUTION TODAY Mortgagecompany@communityp.com 855.363.4646
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