Century’s $9,000,000 acquisition loan to Huntington Concord Partners, LP, will help preserve 162 affordable apartments for very-low income seniors in Huntington Park. The developer, LOMCO, has been the property manager since it opened 20 years ago. This was Century’s second deal with LOMCO, following a $12.5 million loan in 2008 for a similar development in Huntington Beach. LOMCO’s day-to-day operations are managed by Kent Davis, a Century alum.
Century Housing finances affordable housing developments throughout California. From acquisition loans to bridge and construction loans, Century has worked for more than 20 years to provide tax-credit developers and infill developers with innovative loan solutions and responsive service.