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The subject property is described as The Pond Bay Club, a 15-acre site with 650 feet of direct beachfront on the secluded Chocolate Hole Bay on the Caribbean Sea, currently hosting 26 built villas. It is located in one of the most desired locations on the US Virgin Islands, just a short 5-minute drive to downtown Cruz Bay and Ferry Dock. To keep the loan to value low, we are taking additional collateral, namely a property called The Lumberyard, a space currently used as a parking lot located just above Cruz Bay, which is the primary access to St. John. A broker’s fee of $130,000 was paid at closing.

The property is a four-story mixed-use commercial stand-alone office building with scenic mountain top view of the town below and of NY City. It is located near major highways: 46, 80, 19 and 23. The loan will be used to add two floors to the existing building for a catering/banquet hall business. A broker’s fee of $50,000 was paid at closing.

Century Capital Partners closed a deal with GA Views Management, LLC for a loan of $2,125,000. The property is located in one of the most desired areas of Washington, D.C. The borrower intends to build a rental apartment complex and the completed project is valued at more than $10 million. A broker’s fee of $42,500 was paid at closing.

Century Capital Partners closed a deal with Raj Consultants for a loan of $1,080,000. The collateral is a property in an upscale neighbourhood in Bayside, Queens, NY. A broker’s fee of $21,600 was paid at closing.

Century Capital Partners closed a $3-million loan to Salina Enterprise to fund the Chimes Building at 500 S. Salina Street. The property is one of Syracuse’s most prominent buildings and its rennovation contributes to downtown Syracuse’s revival. Currently, Syracuse is experiencing an economic boom due to the medical industry as well as the educational sector.

Century Capital closed a $965,000 deal in Midland Park, NJ. The borrower is an experienced investor who has been buying properties in NJ with an existing portfolio of 20 properties. A current PFS shows a net worth of $7.7M in assets with businesses valued at $6.9M. The collaterals include a $1 million property located right in the business center of Midland Park, which used to be a gas station.

The Idylls project located on 193 Henry St. is the first modular housing development on the Lower East Side, and it was funded by Century Capital in April 2016. The borrower, an experienced builder, took out a loan of $7.7 million to fund the construction. Slightly more than two years later, the loan has been paid off, and the construction of this 7-story building which houses five full-floor condominiums has been completed. A two-bedroom boutique condominium at this property is currently being sold at $2.1 million. The 193 Henry Street loan is a textbook description of a good deal, good borrower, and a successful project.

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.

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.

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

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.