We are excited to announce that Los Angeles County has closed on LACHIF II, a high-LTV revolving fund providing acquisition and predevelopment financing to nonprofit and for-profit developers throughout the county. As an approved member, official loan originator, and the first lender to utilize the fund, Century is excited about the opportunities that LACHIF II will deliver to LA developers, and ultimately, to low-income residents struggling to find an affordable home.
LACHIF II highlights include:
- Loan-to-value of up to 95% to for-profit borrowers, and up to 100% to nonprofit borrowers.
- Loan amount up to $15,000,000
- Loan term of up to 6 years
Visit Century’s LACHIF II page for a more detailed term sheet or call Aaron Wooler at 310-642-2019 to see how Century can help with your project.