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Bridge Loans

Century delivers flexibility and innovation in bridge loans

When there is a demonstrated source of repayment, Century bridges that funding with flexible financing to allow development to move forward. Century can also leverage its own balance sheet to provide credit enhancements for financing by other lenders. Allow us to find an innovative solution to fit your individual project need!

Bridge Loan Highlights

  • High-leverage loans up to 100% loan-to-value delivered in
    as little as 30 days with expert service and streamlined underwriting.
  • Century has 20 years experience underwriting takeout sources giving you peace of mind while you position your projects.
  • Lack of pre-payment penalties provides maximum flexibility for your takeout timeframe.

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.

Basic Terms

Purpose

The loan will be used for structured financing toward the development of affordable homes.

Loan Amount

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

Loan to Value

Up to 100%

Term

Up to 5 years

Pricing

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

Repayment

Repaid through permanent financing. Credit enhanced loans are repaid through amortization to the loan term.

Security

First Deed of Trust, Assignment of Partnership Interests, and other assets. Recourse to sponsors as appropriate.

 

Download Bridge & Structured Loan Terms Sheet (PDF)

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