The recent spike in interest rates shows no signs of slowing down. However, we know that the applications we are evaluating today will not close a permanent mortgage loan for at least 18-24 months – a long period of time during which the rate environment may once again change. While everyone’s crystal ball is fuzzy…
As we approach the end of 2021, we are excited and humbled to have achieved yet another milestone during an amazing year. While each of these achievements is noteworthy on its own merits, collectively they demonstrate the power and impact of the long-standing partnerships we enjoy with the banking and affordable housing development communities. Here’s…
Centrant Community Capital (“Centrant”) is pleased to announce the issuance of its 500th loan commitment. The $3.5 million permanent mortgage loan commitment supports the financing needs for The Villas at Swannanoa, a proposed senior affordable housing development to be built in Swannanoa, North Carolina. Commenting upon the loan commitment issuance, David Bennett, President of…
Last month, Centrant Community Capital closed a $750,000 permanent mortgage loan to finance O’Neil Pointe Apartments, located in Columbia, SC. This new, 42-unit multifamily property, which received an allocation of federal low income housing tax credits in 2018 from the South Carolina State Housing & Development Authority, provides a mix of two, three and four…