Three Loans, Over $30,000,000 Invested

Century ended 2012 with three standout loans to three very deserving developers in Southern California:

-Treadstone Companies received $14,130,000 in bridge financing for Warwick Terrace Apartments; 108 units in Compton.

-Bromont Villas, 49 units in Sylmar, will be developed by Yoram Hassid thanks in part to Century’s $7,850,000 construction loan.

-LOMCO was awarded a $9,000,000 acquisition loan for the 162 unit senior development Huntington Concord.

Please visit our lending page to learn how Century can help finance your next project.

Preservation in Murrieta and Claremont

Rancho Las Brisas

In real estate, timing is everything, especially as the end of the year approaches. Century is happy to announce the closing of a $13 million bridge loan to Foundation for Affordable Housing, so that FFAH could close on the purchase of Rancho Las Brisas, 200 apartments for very-low income families in Murrieta,  a couple of weeks before they could close the sale of Claremont Villas, 154 apartments for low-income seniors in Claremont (of course). The occasionally-imprecise timing of real estate closings left a $3.9 million financing gap in FFAH’s purchase in Murrieta, with no time to spare to find more financing. Read more