Agency Loans
Lanie Wasserman
Mike Haas
AGENCY Products
NeighborWorks Capital is pleased to offer members of the NeighborWorks network access to a suite of Agency products through our exclusive correspondent relationship with CPC Mortgage Company.
CPC Mortgage Company is the first-of-its-kind cooperatively owned nonprofit CDFI Agency lending company. CPC Mortgage Company is the only nonprofit lender approved to offer a full suite of Fannie Mae, Freddie Mac, and FHA mortgage products.
When it’s time to finance or refinance your multifamily property and an agency loan is the best fit, you can feel confident about doing business with NeighborWorks Capital and CPC Mortgage Company. You will receive the best service, the most attractive fees, and you will have full knowledge of the costs you are paying and the value you are receiving.
Multifamily Affordable Housing (MAH)
- Fixed and floating-rate financing for properties with regulatory rent or income restrictions
- 5-30 year (flexible) loan terms
- Up to 3-year forward rate lock
- Up to 40-year amortization
Small Mortgage Loan Program
- 5-30 year loan terms
- Loans up to $6 million
- Maximum 80% LTV
HUD 223(f)
- Multifamily refinance & acquisition loan program
- Up to 35-year fixed-rate, fully amortizing loans
- Minimum loan amount: $3 million
- Maximum 90% LTV/ Minimum 1.11x DSCR
HUD 221(d)(4)
- Multifamily construction & substantial rehabilitation loan program
- Up to 40-year loan terms
- Minimum loan amount: $2 million
- Maximum 90% LTC/ Minimum 1.11x DSCR
Conventional
- Fixed and floating-rate financing options for acquisitions or refinances
- 5 to 10-year loan terms (up to 30-years on case by case basis)
- Flexible prepayment options available
- Mixed-use, student housing, manufactured housing communities, and cooperatives are eligible
Small Balance Loan
- Up to 10-year fixed-rate loan terms or 20-year Hybrid ARM with initial 5-, 7- or 10-year fixed-rate period available
- $1 to $7.5 million loan amount
- 30-year amortization
Targeted Affordable Housing (TAH)
- Fixed and floating-rate financing for properties with regulatory rent or income restrictions
- 5-30 year (flexible) loan terms
- Up to 3-year forward rate lock
- Up to 40-year amortization
Bridge Loans
- Available to experienced, existing Agency clients
- 12-month base loan term + extensions
- Up to $20 million
- No minimum DSCR
- No minimum occupancy
SHARED VALUES
The agency lending market operates with little transparency regarding fees and other forms of income for lenders (i.e., costs to borrowers). These fees and costs can be large and are often not visible to the borrower. We promise attractive fees relative to other Agency lenders and full disclosure of any fees or income we earn. Lower fees translate to more loan proceeds and a greater benefit for you and the people you serve.
Unlike other agency lenders, we are fellow nonprofit organizations committed to your mission. We are focused on doing business with members of the NeighborWorks network and will work collaboratively to help your organization achieve its vision. We are focused on creating more sustainable communities, addressing issues of racial equity in housing and development, and expanding and preserving affordable and workforce housing in underserved communities.
Roughly 75% of all multifamily lending is closed using a Fannie Mae, Freddie Mac, or FHA product. This market is dominated by large for-profit lenders focused primarily on large developers. The system is designed for entities operating at a large scale, and those large organizations receive the best service. Serving members of the NeighborWorks network is our priority.
Let's find ways to partner together!
Lanie Wasserman
Mike Haas
