Bridge-to-HUD Loan Program

A Bridge-to-HUD loan is short-term, interim financing allowing borrowers time to structure an FHA/HUD-insured mortgage that aligns with their goals. Our bridge loans are commonly used for borrowers to close on an acquisition, fund a recapitalization, or complete renovations, while Century prepares, underwrites, and closes the permanent HUD loan in parallel.

Why Bridge to HUD?

HUD's FHA-insured mortgage programs offer some of the most attractive long-term, non-recourse financing available for multifamily and seniors housing. A Bridge-to-HUD loan puts capital to work immediately, on the borrower’s timeline, enabling Century and the borrower to structure a long-term, low fixed rate, non-recourse loan that meets the borrower’s financing needs.

Our Program at a Glance

  • Use of proceeds: Acquisitions, recapitalizations, renovations, refinancing
  • Eligible properties: Market-rate, affordable, and healthycare/senior living. Cash flowing and non-cash-flowing.
  • Term: Typically, 12 months, with extension options
  • Leverage: Up to 80% LTV / 80% LTC
  • DSCR: Minimum 1.20x stabilized
  • Debt Service: Interest-only during the bridge term
  • Pricing: Risk-adjusted spread over 30-day SOFR

“We are excited to stand up our own Bridge-to-HUD Loan Program, which will allow us to flexibly structure loans that align with our clients’ goals. Funding your vision is our mission is the guiding principle at Century. By adding a Bridge-to-HUD Loan Program to our platform we can further assist our borrowers nationally in meeting their financing needs, whether it is to take advantage of an off-market acquisition or a recapitalization to increase rents, we are excited to offer a faster interim financing option.”

Century President and CEO Kyle Perry

Program Benefits

  • Structured from day one around a defined path to permanent, HUD-insured financing
  • Covers acquisition, refinancing, recapitalization, and renovation of HUD-eligible properties
  • Available nationwide for market-rate, affordable, and healthcare/senior living properties, cash flowing and non-cash flowing
  • Risk-adjusted spreads float over 30-day SOFR, keeping interim pricing competitive with the broader bridge market
  • Interest-only debt service during the bridge term preserves cash flow for stabilization and lease-up
  • Typically, a 12-month term, with extension options available
  • Up to 80% Loan-to-Value / 80% Loan-to-Cost, with a minimum 1.20x stabilized DSCR