Company
Editorial monogram for The Community Preservation Corporation — not an official logo.TC

The Community Preservation Corporation

Nonprofit multifamily finance company, founded 1974

Websitecommunityp.com/
Key People
Editorial monogram for CPC Mortgage Company LLC — not an official logo.CM
CPC Mortgage Company LLC
Agency lending subsidiary
1 Recorded Transaction
$15.5M Combined Transaction Value

Overview

The Community Preservation Corporation is a nonprofit multifamily lender founded in 1974 and rated AA- by S&P. It appears on the June 2026 permanent financing of the Douglass Street Apartments at 164 4th Avenue in Gowanus, holding a $15.5 million loan agreement directly. The larger $74.75 million piece of the same financing passed through its agency-lending subsidiary, CPC Mortgage Company LLC, on its way from JPMorgan Chase to Freddie Mac.

Source: The Community Preservation Corporation

Transactions Tracked

164 4th Avenue Loan Assignment (Jun. 2026) $15.5M
Lender
Named directly as party2 on the $15,500,000 loan agreement (ACRIS doc 2026061500224009). No assignment document was recorded for this piece, so CPC holds it.

Sources

  1. ACRIS Document Detail -- loan agreement, $15,500,000 — NYC ACRIS
  2. Community Preservation Corporation — The Community Preservation Corporation

The $15.5M loan agreement CPC holds directly on 164 4th Avenue. The $74.75M senior piece of the same financing is held by Freddie Mac and is not counted here.