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Category Archives: Loan News

Century Capital closes two deals in Connecticut

Century Capital closes two deals in Connecticut, in the total amount nearing $2M. The first deal is a $950,000 loan located in New Haven, and helps complete the renovation of two residential properties located in the vicinity of Yale University.

KWHILL

 

The second is a $1M loan to renovate a fully operational 100-slip marina in Old Saybrook, beautifully located overlooking Long Island Sound – only a 20-minute boat ride to the Hamptons.

Between the Bridges LLC

 

A broker’s fee of $19,000 and $30,000, respectively, was paid at the closing. Apply now and receive funding approval within 48 hours for your project.

Century Capital Helps Reinvigorate Orange, NJ with a $5M Loan

188 South Essex Ave

Century Capital has just funded a $5 million acquisition loan to help purchase a large development property in the City of Orange, NJ. The borrower, an experienced NY-based developer with a proven track record of successful projects, plans to begin master planning the transit-oriented site located at 188 South Essex Street in Orange, NJ and prepare for a phased development. The City of Orange welcomes the improvement as a development of this scale will reinvigorate the local economy.

The property is a deserted hospital with seven standing buildings on 8.5 acres of land in the most desired area of Orange NJ.

A broker’s fee of $50,000 was paid at the closing.

Century Capital Closes a $1.85M Loan in Just 10 Days

979 Ogden Ave

Century Capital has just granted a $1.85 million loan to 979 Ogden Avenue in the Bronx, near the Yankee Stadium. The borrower is an experienced builder who built the building next door to the property. A broker’s fee of $18,500 was paid at the closing.

Century Capital Closes a $1.58M Construction Loan for 177 Lefferts Place, NY

177 Lefferts Place

Century Capital has just granted a $1.58 million construction loan to 177 Lefferts Place, in one of the most sought-after residential areas in Brooklyn, NY.

The building plans call for a future developmental site for a fifteen-unit condo.

The borrower is an experienced builder with a degree in Architecture.

A broker’s fee of $15,800 was paid at the closing.

Century Capital Closes a $1.95 Million Construction Loan

1266 Pacific LLC

Century Capital has just granted a $1.95 million construction loan to 1266 Pacific LLC, in Crown Heights. This prime property, which was purchased one year ago, is one of the most sought-after residential areas in Brooklyn, NY.

The building plans call for a five-story structure housing 10 residential apartments. A community facility space, retained by the owner, will be established in the basement for the use of the residents.

The total cost for the project is estimated at $3,350,000 and the borrower appraises the value upon completion at $6,000,000.

The borrower is an experienced builder with 10 similar projects successfully completed.

A broker’s fee of $19,000.00 was paid at the closing.

Loan in Northampton, PA Closed in Record Time

Northampton PA
Century Capital closed a $950,000 loan in two days time, enabling a client secure a rush loan to obtain a profitable investment. The borrower needed $950,000 immediately before his bank loan arrived in order to complete the transaction.

The building plan is to turn the property in Northampton, Pennsylvania into three condominium lots to house various high demand businesses, including BB&T Bank and a childcare center.

Our client is an experienced real estate developer with other successfully completed projects and now has a new building to develop thanks to Century Capital’s fast lending capabilities.

Loan helps International Soccer Academy Keep Its Property

Intl Soccer Academy

Century Capital rescued International Soccer Academy from disaster by giving it an option to repurchase its property on Long Island. A $2.5 million loan deal was closed within two weeks time, beating the Bank’s deadline. This great location was revived by Century Capital, as they were able to provide the academy the funding needed to secure their very busy 23,500-square-foot facility. The Soccer Academy uses part of the building as a soccer training academy, and the balance is leased to a pre-school which is filled around the year for school and summer programs. The space is also highly used by the community for birthday parties, youth groups, women and men’s multiple soccer leagues.

A broker’s fee of $33,750 was paid at closing.