Case Studies
At Century Health & Housing Capital, our track record speaks volumes. With extensive experience as an approved HUD lender, we have successfully guided multifamily developers and residential healthcare owners/operators through the complexities of FHA-insured and GNMA-collateralized financing.
Our case studies showcase how our expertise, tailored strategies, and commitment to excellence have enabled our clients to achieve their financial and operational goals. From securing non-recourse loans with lower fixed interest rates to facilitating cash-out refinancing opportunities, each example highlights our ability to deliver innovative solutions that drive value and long-term success.
Explore how we've partnered with our clients to unlock the full potential of their investments.
Market Rate Multifamily Housing
The Lofts at Saratoga BLVD
Malta, New York
Phase One Loan Amount: $43,440,000
Financing Secured: HUD/FHA-Insured Section 223(f) Refinance
Phase Two Loan Amount: $16,192,000
Financing Secured: HUD/FHA-Insured Section 223 (f) Refinance
When GlobalFoundries, one of the world’s leading semiconductor manufacturers, announced the construction of its Fab 8 advanced semiconductor manufacturing facility in Malta, NY, it created the prospect for 2,000 new jobs to the Capital Region of Upstate New York. This anticipated growth in employment created a demand for expanded infrastructure, including new housing developments.
Recognizing the need and opportunity, Hayes Development embarked on plans to build market rate housing near Exit 12 in Malta. Phase one of the housing project included 214 units, with plans for a phase two to add 64 units on an adjacent parcel. To capitalize on lower interest rates and secure long term mortgage financing, the developer partnered with Century Health & Housing Capital (“Century”) to obtain HUD-insured financing. As an approved FHA Mortgage and GNMA seller/servicer since 1992, Century efficiently navigated the process and worked closely with the client and HUD to secure the necessary approvals to provide attractive long term mortgage financing, enabling the developer to position their project for future financial stability.
When it came time for phase two of their project, the client once again turned to Century to secure attractive long term mortgage financing. Nearly eight years after the first tenants moved in, The Lofts at Saratoga BLVD remains fully occupied and is one of the most sought-after housing developments in the area.
GlobalFoundries continues to expand their operations in Malta and the surrounding areas continue to be active with new housing and commercial development.