Centennial Mortgage, Inc.

You have a project that needs HUD expertise, from loan origination through servicing. The decision you make when choosing a lender is the difference between a project that goes smoothly and one that doesn’t. Centennial Mortgage, Inc. is the trusted partner you need to make the process as effortless as possible, working with you from concept through closing. Helping borrowers since 1975, we have one of the highest loan approval rates in the industry working tirelessly to make each loan happen. If you are looking for continuity, stewardship and peace of mind when financing your next HUD project, we can help. Contact our experienced team today. Visit our website: https://lnkd.in/gKcCXpGU #HUD #FHALending #FHALender #MultifamilyHousing #AffordableHousing #FHA

Welcome aboard, Drew! New to our team, Drew Robison, Vice President of Originations, brings over 24 years of dedicated experience in the FHA lending industry, specializing in HUD Multifamily and Healthcare programs. His expertise encompasses complex financing structures involving tax credits, project-based rental assistance, and project-based subsidies. As a former Chief Underwriter, Drew has successfully guided numerous projects to fruition. His clients include public housing authorities, as well as nationally recognized nonprofit and for-profit development organizations. #FHALending #PublicHousing #MultiFamilyHousing #Healthcare #TeamCMI

Three reasons to consider HUD financing for your developing project. At Centennial Mortgage we: 💠Specialize in HUD & USDA Financing 💠Strategic Decision-Making 💠High-Touch Customer Service 💠Integrated, Experienced Team Contact us for an in-depth analysis today. Centennial Mortgage, Inc.: providing end-to-end solutions exclusively for multi-family and healthcare owners/developers seeking HUD and USDA financing for 50 years. Learn more ➡️https://lnkd.in/gKcCXpGU #FHA #MultiFamily #AffordableHousing #OwnerDeveloper #HUD #MultifamilyHousing #Healthcare

Wisteria View Manor Centennial Mortgage, Inc. (CMI) is ecstatic to announce the recent closing of a $12 million FHA 223(f) loan for Wisteria View Manor (WVM). Built in the early 1980s as a Section 202 property, WVM provides housing for residents who receive 100% Section 8 subsidy. This six-story, stately property is located in Seattle's International District, less than two miles from the world-famous Pike Place Market. From the top floors, elderly residents enjoy impressive views of T-Mobile Park, home of the Seattle Mariners; Lumen Field, home of the Seattle Seahawks; and the waters of Elliott Bay. Alan Hoshino, Executive Director of WVM, shared his non-profit board’s dream to rehabilitate the property and build new affordable housing in Seattle with CMI’s Mission Mavens, Sunny Fitzgerald and Cindy Ross. CMI was engaged to help fulfill the owner’s goals, and strategic planning for WVM’s future began. Despite a few starts and stops, we overcame a pandemic, rising interest rates, high inflation, and an evolving Seattle rental market. Thanks to the combined efforts of the board and the CMI Underwriting Team, including Connor Danigelis and Ceheira Johnson, WVM now has the funds to complete the building's rehabilitation and seed money to add affordable housing units for Seattle residents. CMI is proud that our team contributed to making the owner’s dream a reality! View Wisteria View and other CMI projects here: https://lnkd.in/g5eVyFvB #AffordableHousing #FHA #ElderlyHousing #Section8 #SeattleHousing #MissionMavens #CapitalImprovements

CMI's Kevin Roach contributed his inights to the conversation featured now in France Media Inc.'s January issue of Texas Real Estate Business. Check it out ➡️: https://lnkd.in/dEtM4kef

Emma McRedmond Manor, a Section 202 elderly housing complex in Redmond, WA, has been revitalized with a $6.7 million FHA 221(d)(4) loan from CMI. The project includes substantial rehabilitation and a 20-year Mark Up to Market Section 8 contract renewal to ensure the preservation of affordable housing. Additionally, the City of Redmond and King County contributed over $2 million in extra funding. The owner’s team was led by Jeane LeDuc and Catholic Housing Services of Western Washington and included Bluebrook Architecture and Ryan General Contractors. The CMI team included Chad Nykiel, Julie Ellithorpe, Jennifer Heckaman, Debbie Gray, Cindy Ross, and Sunny Fitzgerald. Congratulations to everyone involved! View the project details here: https://lnkd.in/gTHEhAMv Redmond, WA, known for its tranquil and relaxed atmosphere, offers a high quality of life with excellent job opportunities, beautiful natural landscapes, and a vibrant arts and culture scene (via homeandmoney.com). This revitalization project will undoubtedly enhance the community, making Redmond an even better place to live and enjoy. #FHA U.S. Department of Housing and Urban Development #AffordableHousing #SeniorHousing #SubstantialRehabilitation #MarkUpToMarket #RedmondWA #Section8

Nestled to the east of Grand Junction, the charming community of Clifton, CO, in Mesa County, offers easy access to outdoor recreation and a host of beautiful local attractions. Clifton Townhomes, a 51-unit Section 8 affordable housing property built in 1982, features amenities such as a community laundry, playground, and barbecue area. Conveniently located near parks, an elementary school, a library, and the James M. Robb State Park, this property recently underwent a 223(f) refinancing project for $7,485,900, expertly handled by Vice President Mike McCullough. ➡️🪟🏘️Learn more about the project here: https://lnkd.in/gzk8_PM5 #HUD #AffordableHousing #Section8 #FHA #223f #longtermfixedfinancing

"It is important to listen to indigenous voices because we stand to gain from indigenous wisdom. Simple, concise statements, that speak to the significance of nature in our lives are missing from our dialogue. Indigenous wisdom can help us overcome that constraint." Indigenous Peoples’ Day recognizes that Native people are the first inhabitants of the Americas, including the lands that later became the United States of America. We celebrate Indigenous Peoples' Day by recognizing the history and contributions of Native peoples. 

In the grand tradition of Steampunk and with a nod to Dickensian flair, our intrepid team embraced the theme with gusto, and this year’s Steampunk WMAC Conference in Denver truly exceeded all Great Expectations! The esteemed Chief Underwriter and WMAC (Immediate Past) President, Raelee Jones, alongside the dynamic Underwriter/Project Manager duo, Connor Danigelis and Ceheira Johnson, WMAC Executive Director, eagerly gathered to absorb the latest revelations from HUD Headquarters and the West Region Multifamily sector at the Region Roundup. In a splendid display of generosity, WMAC Gives Back, the annual fundraising endeavor, amassed over $19,000 in support of MBA Opens Doors Foundation. Bravo, indeed! #HUD #Multifamily #AffordableHousing #GiveBack #WesternMortgageeAdvisoryCouncil #WMAC #WesternRegionRoundup #IndustryConference

Munro House Apartments at The Village at Erlanger Campus, built in 1995, is just off Interstate 275 in Erlanger, Kentucky near Kenton County Public Library and Silver Lake Park. In addition to these local amenities, the residents benefit from its location on the Erlanger Campus and are included in independent living activities offered. Residents can go on weekly scheduled group outings to activities, restaurants, stores, and the grocery. The $2,522,700 223(f) loan, originated by Son (Mark) Tran, will provide proposed repairs to the 58 units that will refresh these affordable elderly apartments in appearance and extend their remaining economic life. #AffordableHousing #SeniorHousing #FHA #HUD #MultifamilyHousing #223f #Section8