NeighborWorks Capital is excited to announce a new lending agreement with CPC Mortgage Company, the only nonprofit lender that Freddie Mac and Fannie Mae have approved to originate and service multifamily loans. Through this agreement, NeighborWorks Capital and CPC Mortgage now offer Freddie Mac, Fannie Mae, and FHA loan products to members of the NeighborWorks America network with low and transparent fees and transaction costs.
“This new product offering is just the beginning of our plans to offer additional products and services to the members of the NeighborWorks America network,” says Jim Peffley, NeighborWorks Capital’s CEO since September 2022. “The nearly 250 members of the NeighborWorks America network are powerful catalysts for locally-driven community advancement, and the NeighborWorks Capital team is committed to supporting their equitable and inclusive work.”
CPC Mortgage is a first-of-its-kind cooperative of impact-driven, nonprofit mortgage lenders and investors. CPC Mortgage’s revenues support its mission-aligned members’ work to create a positive social impact through investments in housing and community development.
To learn more, contact Steve Peelor, Chief Lending Officer, at speelor@neighborworkscapital.org or 240-595-1561.
