Lending Matters in July

Lending activity picked up in July with Century closing two loans within a span of two weeks:

—The Core Companies received $8,672,745 in acquisition financing for 236 low income family homes in San José which will become Newbury Park.

—Vitus Group’s Meadowbrook Apartments, 448 low-income family units in San Diego, received $1,500,000 in Century predevelopment financing.