Construction Loans

Building Affordable and Workforce Housing

Century Housing Corporation’s construction loans are the cornerstone of building multifamily developments that contribute to the supply of affordable and workforce housing. These loans cover essential construction expenses, ensuring developers have the financial support necessary to create much-needed workforce and affordable housing in our communities.

Construction Loan Terms

Loan-to-ValueUp to 75%
Loan-to-CostUp to 75%
PurposeLoan will be used for construction costs for multifamily development with rents at or below 120% of Area Median Income.
Loan Amount$1,000,000 to $27,000,000
Loan Term12–24 months (extension options available)
PricingVariable. Loan fees include origination fees, administrative fees, legal documentation fees, and the costs of third-party reports.
RepaymentRepaid through permanent financing. Interest reserves funded from the loan proceeds to provide debt service during construction.
FundingProgress-based, released after work is completed.
Security & CollateralFirst Deed of Trust and Assignment of Rents. Full recourse to the development sponsors.

Recently Financed Projects

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