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Construction Loans

Century delivers construction loans quickly and reliably.

gary_and _tracey_at_nordhoff

Gary’s Story: Century’s construction loan helped develop 28 units in Panorama City

Century offers quick execution, high loan-to-value, and reliable delivery of construction financing supporting the development of multifamily homes in low- and moderate-income areas anywhere in California.

  • High-leverage loans up to 75% loan-to-value and 80% loan-to cost.
  • No deal is too large or too small—from $1M to $20M.
  • Close in as little as 30 days and stay competetive in any market.

Get started using the quick qualify form or call Tracey Burns at (310) 642-2004 to see how Century can help get your project off the ground.

Construction Loan Terms


Loan will be used for construction costs for multifamily development in areas below 120% Area Median Income.

Loan Amount

$1,000,000 to $20,000,000


12–24 months


Variable, typically LIBOR plus 400–600 basis points with a floor of 5.5%-6.0%. Loan fees include an origination fee of 1.5%, administrative fees, legal documentation fees, and the costs of third party reports.


Repaid through permanent loan funding. Interest reserves funded from the loan proceeds to provide debt service during construction.


Progress basis, released after work is completed.

Security & Collateral

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


Up to 75%


Up to 80%

Download Construction Loan Term Sheet (PDF)

See if you qualify by submitting the following project information: