Robert Riggs
Senior Vice President, Regional Director – Nyc
Community Preservation Corporation
(CPC Mortgage Company)
Lender
220 East 42nd Street, 16th Floor New York, New York 10017
Community Preservation Corporation NYC portfolio
$120.5 million -elevator 89%, walkup 10%; Brooklyn 99%*
1452th largest portfolio by dollar value
599,143 sqft – elevator 92%, walkup 7%; Brooklyn 100%
801th largest by SF
7 properties – Brooklyn 100%
1555th largest
564 residential units – Brooklyn 100%
599th largest by residential units
74 foreclosures, 2 bankruptcies, 0 other court cases.
Person Activity past 24 months:
Lender signatory: 56 for $647.1 million
Top Ten Associated Companies:
Prana Investments (20), Icon Realty Management (13), Stellar Management (9), Aaron Jungreis (6), NYC Housing Partnership (6), Thor Equities (3), Madison Realty Capital (2), Ved Parkash (2), City Urban Realty (1), Stonehenge NYC (1)
Top Ten Associated People:
Richard Herman (20), Terrence M. Lowenberg (13), Jamie A. Smarr (11), Adam Roman (7), Aaron Jungreis (6), Morris Missry (3), Ved Parkash (2), Michael Alvandi (1), David Speiser (1), Richard Cohen (1)
Recent activity as signatory:
• Ved Parkash borrowed $10 million from Community Preservation Corporation and Related Companies for 2260 University Avenue on June 30, 2026.
• Ved Parkash borrowed $11.6 million from Community Preservation Corporation and Related Companies for 160 East 156 Street on June 30, 2026.
• Prana Investments borrowed $9.3 million from Community Preservation Corporation and Related Companies for 1917 Andrews Avenue South on June 26, 2026.
• Prana Investments borrowed $5.6 million from Community Preservation Corporation and Related Companies for 715 East 231 Street on June 26, 2026.
• Prana Investments borrowed $3.1 million from Community Preservation Corporation and Related Companies for 1466 Beach Avenue on June 26, 2026.
• Prana Investments borrowed $3.5 million from Community Preservation Corporation and Related Companies for 667 Crescent Avenue on June 26, 2026.
• Prana Investments borrowed $11 million from Community Preservation Corporation and Related Companies for 1582 Thieriot Avenue on June 26, 2026.
• Prana Investments borrowed $7.7 million from Community Preservation Corporation and Related Companies for 1818 Archer Street on June 26, 2026.
• Prana Investments borrowed $5.3 million from Community Preservation Corporation and Related Companies for 3050 Perry Avenue on June 26, 2026.
• Prana Investments borrowed $11.9 million from Community Preservation Corporation and Related Companies for 45 Sickles Street on June 26, 2026.
Latest Stories:
• Madison Realty Capital signs $104.8M refi for 419-unit rental in Rego Park (June 23, 2026)
• Thor Equities signs $14.5M refi for 38-unit rental in Upper West Side (February 05, 2026)
• David Hazout pays $15.5M to RYCO Capital for 20-unit walkup in East Village (July 31, 2025)
• Khaloyan Kapital pays $12M to Madison Realty, partner, for 11-unit walkup in NoHo (July 17, 2025)
• Lockhill Properties pays $20.4M to RYCO for 24-unit rental in East Village (June 23, 2025)