COVID-19 has highlighted the growing need for quality affordable housing and Century is dedicated to serving clients through this period. We continue to structure, underwrite and close loans with minimal delay.
Acquisition Loans
- Specialists in acquisition financing for sites destined to be affordable housing
- Vacant land or existing assets
- As originators of the GSAF and LACHIF we have flexibility to get you the leverage you need
Bridge Loans
- No prepayment penalties gives you flexibility on your timeframe for your permanent lender
- Loans available quickly to respond to your financing needs
- Works on your timeframe for your permanent lender
Construction Loans
- Ability to lend on properties up to 120% AMI
- Amazing draw servicing keeps your contractors happy and on the jobsite
- Small sites welcome
Permanent Loans
- Competitive interest rates combined with Century’s ease of execution make a winning combination
- 17 year maximum term designed to work with your LIHTC deal or provide more rate security than the typical commercial mortgage
- Lack of prepayment penalties gives you the flexibility to take advantage of changing rates