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Acquisition Loans

Acquire sites quickly and with higher leverage

Century provides site acquisition loans to nonprofit and for-profit developers typically at higher leverage and quicker closing times than other lenders. Acquisition loans are used to pay for the acquisition and closing costs of a development site, and are typically repaid by construction financing.

Get started today using the quick qualify form or call Josh Hamilton at (310) 642-2030 to see how Century can help get your project off the ground.

Acquisition Loan Terms


Loan will be used for site purchase and closing costs for the development of affordable homes.

Loan Amount

$1,000,000 to $50,000,000

Loan to Value

Up to 100%


Up to 5 years


Fixed or variable, typically LIBOR plus 400–600 basis points with a floor of 5.5%-6.5%. Loan fees include origination fees, administrative fees, legal documentation fees, and the costs of third party reports.


Repaid through construction financing. Public agency funds may be used when available. Interest reserves may be funded from the loan proceeds or be paid directly.

Security & Collateral

First Deed of Trust and Assignment of Rents. Full recourse to the development sponsors.

Download Acquisition Loan Term Sheet (PDF)

Century is an official loan originator for the Golden State Acquisition Fund. Download Golden State Acquisition Fund Term Sheet (PDF)