News

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.

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 Partners, a New Jersey asset-based lending company, recently closed on a $7,700,000 construction loan in a top Manhattan location. The proposed development will consist of five residential full floor condos of 7,815 square feet and one retail condo. A broker’s fee of $77,000.00 was paid at closing.