Michael K. Staton
Vice President, Mortgage Officer
The Community Preservation Corporation (CPC)
Michael K. Statonis a Vice President and Mortgage Officer at the Community Preservation Corporation (CPC). Staton is responsible for developing a strong rapport with clients by identifying business needs and establishing borrowing relationships for community lending by profiling and analyzing financial data to determine the merits of specific loan request and recommended structures. Staton has extensive experience in financing multifamily housing development transactions using a variety of products and structures, including: conventional construction and permanent financing; construction and permanent tax-exempt bond direct placement; bridge loans; Freddie Mac permanent loan programs; and federal and state tax credit programs.
Prior to joining CPC, Staton was Vice President of Commercial Real Estate Financing at TD Bank where his primary responsibilities were financing multifamily housing developments, office buildings, retail centers and industrial space. As Vice President of Originations at WNC & Associates, his focus was on managing relationships with clients and investing in Low Income Housing Tax Credit properties, as a Limited Partner, to create and preserve multifamily, affordable housing and to maximize the rate of return to Investors for property acquisitions.Staton also spent over 20 years at the New Jersey Housing and Mortgage Finance Agency where he served in several key roles, including Director of Multifamily Programs and Lending, Director of Credit, Assistant Director of Financial Managementalong with other essential positions. Staton holds a Bachelor’s Degree in Finance from Hampton University and a Master’s Degree from Rider University.