News & Resources

Wakefield Commons Apartments

Wakefield Commons Apartments (Raleigh, NC) Thomas F. Taft, Sr., Stuart H. LeGrand and Southeast Apartment Group, LLC were the project sponsors behind Wakefield Commons Apartments, a new 80-unit multifamily development located in Raleigh, NC. This property provides a mix of two- and three-bedroom units to residents earning no more than 60% of the area median income. …

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Sumner Ridge Apartments

Sumner Ridge Apartments (Greensboro, NC) Centrant Community Capital recently closed a $1,344,900 permanent mortgage to Sumner Ridge Development, LLC for Sumner Ridge Apartments, a new 72-unit property located in Greensboro, NC. Developed by Affordable Housing Management, Inc., a Greensboro-based nonprofit, this property offers a mix of 1, 2 and 3 bedroom units to families earning 60%…

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Board of Directors Approved for 2018-2019 Cycle

Board of Directors Approved for 2018-2019 Cycle Centrant Community Capital is guided by a 15-member board of directors. Three seats are standing positions held by the Centrant EVP, the President/CEO of the North Carolina Bankers Association and the Executive Director of the North Carolina Housing Finance Agency. The remaining 12 seats are filled by CEOs,…

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Regulatory Reminder: Underwriting and Monitoring Participations

Regulatory Reminder: Underwriting and Monitoring Participations Regulatory guidance requires that banks perform their own due diligence reviews, and demonstrate an independent credit decision, when entering into third-party loan arrangements such as the participation opportunities offered by Centrant Community Capital. Recent conversations with several member banks, as well as with OCC staff in Charlotte, suggest that…

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Housing Works Conference – Register Now!

Housing Works Conference – Register Now! It’s time once again to register for the 2018 North Carolina Affordable Housing Conference, Housing Works! This year’s event will be held October 24-25 at the Raleigh Convention Center, and all Centrant members are invited to register. Join your housing colleagues from around the state at North Carolina’s premier affordable housing…

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Welcome New Members!

Centrant Community Capital is excited to announce that two new banks have joined our lending consortium! State Bank and Trust Company, based in Atlanta, is a nearly $5 billion institution with 32 offices across Georgia. First National Bank Jasper is a $250 million bank located in Jasper, Texas, approximately 100 miles northeast of Houston. These…

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Foxworth Forest Apartments

Foxworth Forest Apartments (Newnan, GA) Centrant Community Capital provided a $1,810,478 permanent mortgage loan to finance the acquisition and rehabilitation of Foxworth Forest Apartments located in Newnan, GA.  This 72-unit property was completely rehabilitated with new roofs, exterior siding, windows and doors, as well as all-new interior fixtures, finishes and appliances.  The existing community building…

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The Grove at Kendal Apartments

The Grove at Kendal Apartments (White House, TN) The Grove at Kendal is a newly-built 48-unit multifamily development located in White House, TN, approximately 20 miles north of Nashville.  In addition to federal housing tax credits, financing included a $1,217,500 Centrant permanent mortgage.  The property contains a mix of one-, two- and three-bedroom units housed…

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Abernathy Place Apartments

Abernathy Place Apartments (Columbia, SC) Abernathy Place, a new community located in Columbia, SC, offers 64 apartments, including a mix of two-, three- and four-bedroom units for families of all sizes.  The community building houses an on-site leasing office, community room, kitchen, fitness center, computer center and laundry facility.  The property is located in close…

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Parkside Commons Apartments

Parkside Commons Apartments (Greenville, NC) Parkside Commons is a new 98-unit seniors development in Greenville, NC offering a mix of 38 one-bedroom and 60 two-bedroom units.  Residents enjoy spacious units, comfortable common areas, a community garden, a unique outdoor fitness equipment “playground,” as well as easy access to the area’s commercial, retail and medical facilities. …

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