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Permanent Loans

Introducing Century Permanent Loans

Century marries its efficient loan execution with a longer 15-17 year term to give developers an effective source for refinancing existing properties, taking-out construction loans with taxable debt, or acquiring properties with attractively priced long-term debt.

Permanent Loan Highlights

  • Century has 20 years of experience underwriting takeout sources giving you peace of mind while you position your projects.
  • No pre-payment penalty or lock-out period.

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 the refinancing of existing debt including partial cash-out, acquisition of buildings, current funding or forward committed takeout of construction financing.

Loan Amount

$250,000 to $5,000,000

Loan to Value

Up to 90%

Term

Up to 17 years

Pricing

Fixed, varies depending on loan term. Loan fees include origination fees, administrative fees, legal documentation fees, and the costs of third party reports.

Security

A first deed of trust in favor of Century upon the real property being acquired. Loans are non-recourse.

Permanent Loan Terms Sheet (PDF)