Predevelopment Financing in Wildomar

Century closed our first loan with Palm Communities (fka Palm Desert Development  Corp), an active affordable apartment builder in Riverside County, with a $900,000 predevelopment loan for Tres Lagos, a three-phase development which will provide 209 apartments for very-low income seniors in Wildomar (Riverside County). The 81-apartments in Phase 1 will be under construction later this year.