PROJECT NAME: Watersview Apartments
LOAN PROGRAM: 221(d)4
LOAN AMOUNT: $32,456,300
PROJECT TYPE/SIZE: 222-Unit Multifamily Apartments
Century provided construction and permanent financing via HUD’s Section 221(d)4 program for Watersview Apartments which consists of 222 multifamily units. HUD’s 221(d)4 program allowed the principals of Watersview to lock a fixed interest rate for the construction and permanent loan for a term of 40 years.