PROJECT NAME: Eastwyck Village Senior Apartments
LOAN PROGRAM: 221(d)4
LOAN AMOUNT: $21,719,700
PROJECT TYPE/SIZE: 144-Unit Senior Apartments
Century provided construction and permanent financing via HUD’s Section 221(d)4 program for Eastwyck Village Senior Apartments which is a 144-unit market rate independent living senior apartment project. HUD’s 221(d)4 program allowed the principals of Eastwyck to lock a fixed interest rate for the construction and permanent loan for a term of 40 years.