The Community Preservation Corporation (CPC), a not-for-profit affordable housing and neighborhood revitalization finance company, has hired Louis Tiberio as Vice President, Mortgage Officer responsible for originating and sourcing business across all of CPC’s Agency products.
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 team with the expertise to help our borrowers move their deals through the pipeline smoothly,” said Rafael E. 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 business and impact in communities has been growing.”
“There is definitely an appetite … for the sort of flexible capital that FHA and Freddie Mac offer multifamily owners,” said Tiberio. “I’m excited to have the opportunity to bring my experience to a team exclusively focused on Agency lending.”
The hiring of Tiberio continues the expansion of CPC’s Agency lending business, providing borrowers with a team of experts that have extensive experience in Freddie Mac and Federal Housing Administration (FHA) lending products. From originations to underwriting and facilitating the deal flow through closing, CPC provides a team solely dedicated to the Agency lending process.