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Multi Family Brooklyn, NY $2,040,000

PRLog (Press Release) - Jun. 25, 2013 - BROOKLYN, N.Y. -- As another fine example of successful bridge lending when conventional means fall short, New Jersey-based Century Capital Partners was honored to recently take part in a commercial real estate transaction that halted the potential displacement of 12 Brooklyn families and a popular local delicatessen. The transaction encompassed two properties – located at Hoyt Street and 80th Street in the heart of Brooklyn – that were facing foreclosure after the landlord had fallen into default with Emigrant Bank. Struggling to make the 24% default rates, the landlord of the two buildings approached private lending company Century Capital Partners for help. Read more.

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Early Learning Center in Westwood, NJ. A $1,650,000 Purchase.

The quickest transaction ever-- Century Capital purchase a building for $1,650,000 that will host one of the Rainbow Academy Centers. The property is centrally located in Westwood NJ, right near a Shopping Center with Marshalls and Stop & Shop as anchors. Century Capital closed the deal in less than two weeks.

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Luxury Condos near a Yoga Center Stockbridge, MA

The biggest attraction of the property is its proximity (half a mile) to the Kripalu center – one of the largest Yoga centers in the United States. The Property is also two miles from Tanglewood – Summer Home to the Boston Symphony This creates a demand and pricing that is not common for the area, This Developers are selling 800 SF units at above $300,000. Good to know there are still strong Real Estate locations in this economy.

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179 Unit Apartment Complex Memphis, TN

The property was purchased in 2010 for $1,650,000 and $600,000 was put into the property since the purchase. Currently 65% of the property is remodeled, and occupied. The units are rented at an average of $500 a month at 65% occupancy the NOI is $349,050 making Income Approach value at $3,000,000. At 80% occupancy (after the improvements) the NOI will be $429,600 making the Income Approach Value above $4,000,000. The Borrowers have hired a well known Management Company for all their Apartment Complexes. The Pinnacle Group is an established international Management group.

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Century Capital LLC Closes a $1,400,000 Loan

PARAMUS, N.J., April 6, 2009 /PRNewswire/ -- Century Capital LLC (Century), a private asset-based lender, headquartered in Paramus, N.J., announces the funding of a $1,400,000 loan for the acquisition of a 13.5 acre parcel in York, Pennsylvania. 

The borrower approached Century with the need of a rapid closing after not being able to receive an extension from the seller. "With today’s market conditions, enthusiastic and experienced borrowers are finding it increasingly challenging to gain financing in the time needed to accomplish their endeavors.  Century makes financing possible for borrowers who have strict timelines, allowing them to complete their projects successfully,” says Associate, Ido Gerber.  After careful underwriting, Century was able to structure the transaction in a way that allowed the borrower to acquire the property from the local school district. With a $28,000,000 HUD loan, the borrower plans to construct a residential complex, which will include affordable housing for the retirement community in the area.

Century Capital LLC, headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans. Century Capital LLC provides loans globally to orations unable to obtain financing from conventional sources due to the immediacy or complexity of the transactions.

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Century Capital LLC Closes a $1,050,000 Loan

PARAMUS, N.J., April 3, 2009 /PRNewswire/ -- Century Capital LLC (Century) recently closed a $1,050,000 loan for the refinance of a Sports Complex and 13,800 square foot Banquet Hall in Cincinnati, Ohio.

The borrower approached Century in order to take advantage of a reduced loan payoff from their current note holder. The borrower was given strict time constraints that a conventional bank could not accommodate. In addition, the borrower’s credit score was not sufficient enough to qualify for a conventional loan. "Due to the current economic environment, borrowers are unable to obtain financing in the time needed. Century continues to expedite the loan process in order to satisfy borrowers’ requests,” says Senior Underwriter, Jason Lasser. The Sports Complex continues to operate, allowing all of the children in the area to enjoy its amenities and have a fun summer full of baseball and volleyball.

Century Capital LLC, headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans. Century Capital LLC provides domestic and international loans to orate entities.

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Century Capital LLC Closes a $715,000 Loan

PARAMUS, N.J., Feb. 24 /PRNewswire/ -- Century Capital LLC (Century) recently closed a $715,000 loan for the refinance of four un-flagged fast food properties in Southern New Jersey and Eastern Pennsylvania.

The borrower approached Century in order to consolidate and become current on outstanding debt he had accrued over the past 18 months. Timing was crucial in refinancing with their current note holder. "More than ever, borrowers are having difficulty gaining financing from conventional banks. However, Century remains stable, allowing borrowers to obtain the funds they need swiftly,” says Manager, Guy Ferdman.

Century Capital LLC, headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans. Century Capital LLC provides domestic and international loans to orate entities.

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Century Capital LLC Closes a $1,650,000 Loan

PARAMUS, N.J., Feb. 24 /PRNewswire/ -- Century Capital LLC (Century), a private asset-based lender, headquartered in Paramus, N.J., announces the funding of a $1,650,000 loan for the refinance and construction of a 20 acre time share community and existing hotel in Branson, MO.

The borrowers, experienced developers, approached Century when their long-time construction lender had ceased funding.  "With many lenders disappearing, businesses are forced to shut down. However, Century remains stable, allowing borrowers to complete their projects and keep operations moving forward,” says Manager, Guy Ferdman.  After careful underwriting, Century was able to structure the transaction in a way that benefited all parties and allowed the borrowers to continue running theirtime share community project successfully.

Century Capital LLC, headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans. Century Capital LLC. provides domestic and international loans to orate entities.

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Century Capital LLC Closes a $590,000 Loan

PARAMUS, N.J., Jan. 5 /PRNewswire/ -- Century Capital LLC (Century), a private asset-based lender, headquartered in Paramus, N.J., announces the funding of a $590,000 loan for the acquisition and rehabilitation of a 120 room vacant hotel in Fort Wayne, IN. 

The borrower, an experienced hotel owner, approached Century with the need to close quickly.  With the borrower’s purchase contract quickly reaching a deadline, the borrower was in need of a quick closing that a conventional bank could not offer.  "Due to current market conditions, borrowers are finding it increasingly challenging to gain financing from conventional banks.  Century remains stable, though, which makes financing possible for borrowers who have strict time constraints,” says Senior Underwriter, Lana Nichamov.  After careful underwriting, Century was able to structure the transaction in a way that benefited all parties and allowed the borrower to acquire the property and complete the improvements in time to re-open the hotel.

Century Capital LLC, headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans. Century Capital LLC. provides loans globally to orations unable to obtain financing from conventional sources due to the immediacy or complexity of the transactions.

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Century Capital LLC Closes a $3.875M Loan

PARAMUS, N.J., Aug. 5 -- Century Capital LLC (Century), a private asset-based commercial real estate lender, announces the funding of a $3,875,000 loan to refinance 31 high-end lots and one 17,000 square foot Estate Home in Carmel, Indiana. The borrower approached Century because he needed to move quickly in order to pay off two notes that were coming due, after he was not granted an extension from either of the other lenders. Centurywas able to expedite the loan process to fit within the borrower's time constraints.

The borrower has several years of experience as a local developer and is heavily invested in this project. Carmel, Indiana is considered one of the most exclusive upscale suburban regions in Indianapolis. The subject property is physically suited for residential development and is in a region where a number of new residential subdivision developments are underway.

"Due to current market conditions, more and more borrowers are finding it increasingly difficult to obtain funding from conventional lenders and local banks. However, Century remains stable even in this market, which makes it possible for borrowers who are under strict time constraints to get what they need within their deadlines," says Associate, Lana Nichamov.

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Paramus, N.J., June 23, 2008 / -- Century Capital LLC (Century), a commercial real estate lending company headquartered in Paramus, NJ, recently began sponsoring a distressed animal shelter. Centurybecame aware that the shelter, appropriately named Room for One More, was in danger of closing due to their property owner and landlord raising the shelter’s lease payments to an unreasonable amount.

Century Capital LLC’s decision to sponsor the shelter was based largely on the unique nature of the service that Room for One More provides. The shelter operates as a “no-kill” shelter and maintains approximately 35 to 40 ‘fighting’ dogs at a time. The shelter works intensively to rehabilitate the dogs in an effort to find them stable and permanent homes. Joshua Cederbaum, dog behaviorist for the shelter, explains, “All that most of the dogs need is positive reinforcement and consistent training to get them back on the right track.”

“Room for One More provides an important service by saving these animals and they should not be forced to shut down because the rent is being raised,” reports David Hecht of Century. Century Capital LLC will be aiding the shelter in paying their lease payments until the shelter is able to raise enough funds to make a down payment to purchase the property.

If you would like to find out more about the shelter or to make a donation, please visit the shelter’s website at http://www.rfom.org/.

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BY: METRO FUNDING CORPORATION

(CSRwire) PARAMUS, N.J. - April 25 /PRNewswire/ -- Century Capital LLC (Century), a private asset-based lender, headquartered in Paramus, N.J., recently sponsored a charity fundraiser in New York City entitled "We are all Children at Heart." The event was organized for Love Our Children USA ™, a national nonprofit leader in breaking the cycle of violence against children.

The fundraiser was a networking event for young professionals from numerous industries and backgrounds. The event raised nearly $20,000 to support the various programs provided by the nonprofit organization.

Love Our Children USA(TM) is in its 9th year as the 'go-to' prevention organization for all forms of violence and neglect against children in the U.S. The organization's website promotes the work of Ghandi, stating that, "We have to be the change that we want to see happen." Century Capital LLC's goals are consistent with this proactive, hopeful and positive message. Its orate strategy and mission statement promotes involvement with charitable organizations that are making a difference for families, children and communities.

For more information about the event, as well as about Love Our Children USA, please visit this link: www.loveourchildrenusa.org.

Century Capital LLC is a commercial real estate lending company specializing in asset-based opportunity (hard money) commercial loans. Century Capital LLC provides domestic and international loans to orate entities.

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PARAMUS, N.J., May 8 /PRNewswire/ -- Century Capital LLC (Century), a private asset-based commercial real estate lender announces the funding of a $3,800,000 loan to refinance and develop a Roman Bath and Spa Resort in Staten Island, NY. The borrower approached Century after discovering that they needed funding to bridge their project to a point where a conventional lender would provide permanent financing. "This is a perfect example of how conventional banks are being inhibited by the credit crunch. Borrowers who are heavily invested in great projects are being turned away," says Senior Associate Ben Rutkevitz.

Century Capital LLC diligently pursued measures that created a win-win situation. The ability to cross-collateralize some of the borrower's additional assets was particularly crucial in this case. The subject collateral is a planned three story 27,760 SF commercial building. In addition to the Roman Spa, the building will include a restaurant and office space. The Spa will be complete in the summer of 2009, while the restaurant and office space are scheduled to be open by the end of 2008.

Century Capital LLC, headquartered in Paramus, NJ is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans. Century Capital LLC provides domestic and international loans to orate entities.

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PARAMUS, N.J., April 24 /PRNewswire/ -- Century Capital LLC, a private asset-based lender, headquartered in Paramus, N.J., announces the funding of a hard money loan secured by a historic building in downtown Anderson, Indiana.

The borrowers sought out hard money financing after numerous credit lines were fraudulently opened in their names, destroying their credit history. When this happened, their existing bank stopped accepting payment and requested a full payoff. Joe Adler, Associate of Century Capital LLC stated, "The borrowers were traditionally strong, bankable borrowers. They just had fallen victims of fraud and were having a tough time with their bank." When the borrowers contacted Century Capital LLC, they explained their situation and were able to secure a loan that paid off their existing lien and also provided operating reserves to hold the company over while their credit issues were alleviated.

Century Capital LLC is a commercial real estate lending company specializing in asset-based opportunity (hard money) commercial loans. Century Capital LLC provides domestic and international loans to orate entities.

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PARAMUS, N.J., Jan. 14 /PRNewswire/ -- Century Capital LLC (Century), a private asset-based lender, headquartered in Paramus, N.J., declares the year 2007 complete after simultaneously closing two unique hard money bridge loans.

The first loan transaction consisted of a $1.2 million loan secured by approximately 14 acres of commercially zoned land lots in Shawnee, Oklahoma. Century structured the loan such that the proceeds were used for acquisition, with future proceeds to be used toward the permitting process.

On the same day, Century funded a $2.6 million loan for the refinance and improvement of a fully operational 30 room historic Bed and Breakfast in Lenox Village, Massachusetts. Adi Hecht, Senior Associate mentions, "the Borrower, as well as the property's income, were strong. They just had difficulty securing financing due to the recent subprime crisis".

Plans for 2008 include the unveiling of Century's Green Program, offering new incentives and discounts on transactions promoting eco-friendly building standards and property maintenance. Also new for 2008, Century launches a free tutorial program to all mortgage brokers interested in learning about the hard money industry.

Century Capital LLC is a commercial real estate lending company specializing in asset-based opportunity (hard money) and conventional loans. Century Capital LLC provides domestic and international loans to orate entities.

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PARAMUS, N.J., Oct. 12 /PRNewswire/ -- Century Capital LLC (Century), a private asset-based lender, headquartered in Paramus, N.J., announces the funding of a $7.2 million loan secured by a 118-unit existing hotel in Orlando, Florida. The transaction was structured as a first mortgage loan and cross-collateralized with additional real property to increase the loan-to-value and provide development funds. The loan by Century was made to facilitate the acquisition of the Hampton Inn Maingate West Hotel, one mile from the Maingate Entrance of Walt Disney World, and to convert the existing hotel into an upscale condominium hotel.

The borrowers, seasoned developers and marketers, approached Century after having difficulties in obtaining conventional financing. "Conventional banks did not want to do this deal because they either did not understand the condominium conversion space or were pulling back their exposure to the Florida market, so I introduced them (borrowers) to Century. I knew that Century would be the right choice because of its expertise and creativity in structuring deals," mentioned Larry Chapman, President, Access Capital Group, the broker on this transaction. After careful underwriting, Century was able to structure the transaction in a way that benefited all parties and allowed the developers to proceed with the conversion.

Century Capital LLC, headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) loans. Century Capital LLC provides loans globally to orations unable to obtain financing from conventional sources due to the immediacy or complexity of the transactions. Century Capital LLC's management team has over 17 years of lending industry expertise.

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PARAMUS, N.J., Jan. 1 /PRNewswire/ --Century Capital LLC (Century), an asset-based commercial real estate lender announces the launch of a conventional loan department.

The aim of the new department is to provide its current borrowers with an option to refinance, once stabilization is achieved. “We began to see a trend in the market where borrowers completed the necessary steps to stabilize their properties and were now bankable, seeking a refinance. Instead of sending them to their local bank, we will refinance the borrower via our conventional arm,” said Jennifer Smith, Senior Underwriter.

Century Capital LLC, headquartered in Paramus, NJ, is a commercial real estate lending company specializing in asset-based opportunity (hard money) and conventional loans. Century Capital LLC provides domestic and international loans to orate entities.



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