Eastern Mortgage Capital

A Truly Independent HUD MAP Lender

The Eastern Advantage

Eastern Mortgage Capital is a stand alone HUD MAP lender, focused exclusively on financing multifamily properties nationwide with the FHA insured multifamily loan program. As an independent firm, we bid both serving and rate lock to multiple market participants, ensuring the best possible pricing for our clients. 

Deep expertise from the very beginning​

Our entire team has a total focus on knowing the programs and the various participants at HUD. You will be guided by experts from first conversation through closing.

Multipoint perspective on HUD program

In addition to decades of HUD lending experience, EMC’s team has utilized the programs as borrowers. We know what’s important to our clients because we’ve been the client.

Competitive environment for rate lock

Unlike most HUD lenders, EMC bids both the rate lock and the primary servicing to multiple market participants, ensuring competition and advantageous rate pricing. We also remain involved for the life of the loan, which is beneficial to the client.

A Nationwide Footprint

  • $10,649,300
  • Monroe Township, NJ
  • 38 Units -
  • Townhome Rental
  • Construction Take-Out
  • $7,263,900
  • Champaign, IL
  • 144 Units -
  • Affordable Housing
  • Cash-Out Refinance
  • $31,847,800
  • Georgetown, MA
  • 186 Units -
  • Mixed-Income Housing
  • Cash-Out Refinance
  • $21,752,200
  • Milford, MI
  • 100 Units -
  • Market Rate Apartments
  • New Construction-Perm
  • $24,300,000
  • Birmingham, MI
  • 99 Units + Retail/Office/Parking Garage -
  • Mixed Use
  • Cash-Out Refinance
  • $11,944,600
  • Seattle, WA
  • 89 Units + Retail -
  • Historic, Mixed Use
  • Bridge-to-HUD Acquisition
  • $22,693,900
  • Valdosta, GA
  • 264 Units -
  • Market Rate Apartments
  • Cash-Out Refinance
  • $43,440,000
  • Salinas, CA
  • 220 Units -
  • Market Rate Apartments
  • Cash-Out Refinance
  • $29,395,300
  • Charlotte, NC
  • 184 Units -
  • Active Adults Apartments
  • New Construction-Perm
  • $38,000,000
  • Groton, CT
  • 324 Units -
  • Market Rate Apartments
  • Cash-Out Refinance

A unified team focused on your success

Peter Tousignant

  • Vice President

Peter J. Panagako

  • President
Meet Our Team

A wealth of resources

Eastern Mortgage Capital (EMC) is managed by individuals with more than 100 combined years in mortgage banking/brokerage. Our experience is your experience, and as a result our process and support networks are fine-tuned to serve your needs and allow you to focus on creating new financing opportunities for your clients.

A better process for HUD

As an independent lender focused entirely on the FHA-insured multifamily loan program, Eastern Mortgage Capital provides the best pricing and execution possible. 

22(d)4 Multifamily

New Construction/Rehabilition

223(f) Multifamily

Acquisition/Refinance

223(f) Extant FSA

Expedited Refinance

Existing 202

Refinance

Learn More

Contact Us