At Century, we continue to develop innovative ways of using our financial resources to increase the number of affordable units in the greater Los Angeles area.

Our Lending Products

Construction Loans for multifamily and single-family development. Century's construction loans are offered at a competitive price with a streamlined approval process and straightforward documentation.

Predevelopment & Site Acquisition Loans are critical for nonprofit developers, as these upfront costs are difficult to cover with the limited capital often available to nonprofits. These loans allow multifamily developers to compete in a Southern California real estate market that rapidly closes on available properties. Century provides flexibility to nonprofit and for-profit developers in securing sites for development or preservation in advance of assembling the full financing for a project.

Bridge Loans are frequently needed to fund gaps in financing during construction, as many subsidy funds are available only after construction is completed. Century provides financing to bridge this gap for committed, but not funded, permanent financing sources, including public funds and tax credit equity.

 

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