Lending Matters in August

Last month Century closed two loans with Skid Row Housing Trust:

—$2,100,000 in acquisition financing will help Skid Row Housing Trust develop Sherman Way Apartments in Downtown Los Angeles: 65 units, most of which are reserved for homeless veterans with special needs.

—Just a few blocks south, Skid Row Housing trust is building Carondelet Apartments, 52 affordable homes also targeting homeless veterans. This project is being supported by $1,125,000 in acquisition financing.

Both developments will include an array of resident services including case management, substance abuse support, employment support services, and job search training.