Century Housing finances affordable housing developments throughout California. From acquisition loans to bridge and construction loans, Century has worked for more than 25 years to provide tax-credit developers and infill developers with innovative loan solutions and responsive service.
Although we do not offer housing directly, you can learn more about Century developments at centuryaffordable.org.
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More Housing Options Coming to Panorama City/in construction loan, families, loan closing
Last week’s closing of a $4,550,000 Century construction loan is paving the way for new workforce apartments in Panorama City thanks to developers Gary Kleinman, David Kleinman, Mike Engelman, Al Leibovic, and Marat Dreicer. The 28-unit two- and three- bedroom project, named Nordhoff Apartments, will be opening its doors to San Fernando Valley residents in early […]
Positive First Steps for Affordable Housing in Culver City/in community support, housing policy
Assemblymember Holly Mitchell joined Mayor Andy Weissman and a well-rounded panel of housing developers (Los Angeles Housing Partnership and Habitat for Humanity), investors (Bank of America and Union Bank), and other leading advocates at the Culver City Council Chambers at last week’s Affordable Housing Roundtable. The first such event hosted in Culver City generated a […]
Golden State Acquisition Fund Launches/in acquisition loan, General, new programs
The long awaited Golden State Acquisition Fund (GSAF), a $93 million source of flexible acquisition financing to developers throughout California, has made its official launch thanks largely to seed money from the California Department of Housing and Community Development. As an official loan originator, Century is now taking applications from both nonprofit and for-profit developers. […]
Three Loans, Over $30,000,000 Invested/in acquisition loan, bridge loan, construction loan, General, loan closing
Century ended 2012 with three standout loans to three very deserving developers in Southern California: -Treadstone Companies received $14,130,000 in bridge financing for Warwick Terrace Apartments; 108 units in Compton. -Bromont Villas, 49 units in Sylmar, will be developed by Yoram Hassid thanks in part to Century’s $7,850,000 construction loan. -LOMCO was awarded a $9,000,000 acquisition […]
Some Cause for Celebration/in housing policy, market conditions
Everyone knows about the “Fiscal Cliff,” which was probably more like a small hillock. And by now, most folk know that Congress and the President figured out a last minute (actually, it was after the last minute, but who’s counting) compromise to avoid the tax increase components of the problem. But the popular press has […]