Lending Matters in October

Century had a productive month, closing four loans throughout Southern California:

—$1,620,000 in predevelopment financing will help build Baldwin Park Apartments, a 72-unit workforce housing project developed by ROEM Development Corporation, which will also create 84 FTE construction jobs.

–Diversified Equity Group received a $8,500,000 construction loan for 61 homes in Sylmar. Construction of Villa Marbella Apartments will create 71 jobs.

–Hawthorne Family Apartments, 127 units of workforce housing developed by Pacific Companies, is off the ground thanks in part to $2,071,000 of acquisition financing.

–Finally, Reseda residents can look forward to 4 new homes developed by Uzi Levi using a $900,000 construction loan.