4B — May 11 - 24, 2018 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey
Will serve as a VP and mortgage officer throughout the Mid-Atlantic region Louis Tiberio joins The Community Preservation Corporation’s agency lending team
ew Jersey — The Community Pres- ervation Corpora- tion (CPC) , a not-for-profit N
Located in the Philadelphia area, Tiberio will cover the Mid-Atlantic region, which consists of Pennsylvania, New Jersey, Delaware, Maryland and surrounding areas. “We’ve worked to grow a suite of agency products that serve the diverse capital needs of the multifamily market, and build a teamwith the expertise to help our borrowers move their deals through the pipe- line smoothly,” said Rafael Cestero , president & CEO of CPC. “We’re excited to have somebody with Lou’s years of experience in commercial real
estate and capital markets strategically located in an area where our agency lending busi- ness and impact in communi- ties has been growing.” “There is definitely an appe- tite in the region, and particu- larly here in the Philadelphia area, for the sort of flexible cap- ital that FHA and Freddie Mac offer multifamily owners,” said Tiberio. “I’m excited to have the opportunity to bring my expe- rience to a team exclusively focused on Agency lending and the borrower experience, and I look forward to helping CPC continue its growth.”
Prior to joining CPC, Ti- berio served as a director at Greystone Servicing Corpora- tion, where he was in charge of origination of commercial real estate loans on behalf of the company’s Agency, CMBS and Bridge lending platforms. Tiberio previously was vice president, commercial real estate for Investors Bank, in Robbinsville, and before that vice president, senior lender, commercial real estate for Beneficial Bank in Philadel- phia, PA. The hiring of Tiberio con- tinues the expansion of CPC’s
Agency lending business, pro- viding borrowers with a team of experts that have extensive experience in Freddie Mac and Federal Housing Ad- ministration (FHA) lending products. From originations to underwriting and facilitating the deal flow through closing, CPC provides a team solely dedicated to the Agency lend- ing process. CPC has spent more than four decades committed to its mission of community revital- ization by providing flexible capital to owners of multifam- ily buildings. The company has leveraged its more than four decades of community revitalization experience and strategic relationships with their government partners to provide a suite of permanent loan products uniquely tailored to fit the needs of building own- ers, large and small. CPC has been a long-time Freddie Mac Seller/Servicer and offers a range of com- petitive and reliable mortgage products for the acquisition or refinance of multifamily prop- erties. Among these products are Freddie Mac’s Conven- tional product offering loans from $5 million to $100 million, with 5- to 10-year terms, as well as the Small Balance Loan (SBL) product, which reduces the gap in the market for small building flexible financing by offering loans from $1 million up to $7.5 million with flexible terms, prepayment options, competitive low rates, and streamlined pricing, under- writing, closing, and funding process. In addition, CPC is an ap- proved FHAMultifamily Accel- erated Processing (MAP) lender with expertise on 223(f) and 221(d)(4) products. Through the MAP program, CPC offers new construction, rehabilitation, refinance and acquisition loans for all types of multifamily projects with five or more units. Established in 1974, CPC believes housing is central to transforming underserved neighborhoods into thriving and vibrant communities. The company provides a full suite of capital products through- out its construction lending, permanent lending, and eq- uity investing platforms. The company has leveraged $10 billion in private and public in- vestment to finance more than 185,000 units of multifamily housing.
a f f o r d a b l e housing and neighborhood r e v i t a l i z a - tion finance c o m p a n y , a nn o un c e d the hiring of Louis Tibe- rio as vice
Louis Tiberio
president, mortgage officer responsible for originating and sourcing business across all of CPC’s Agency products.
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