Categories 221(d)(4)
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The Housing Authority of Chelan County and the City of Wenatchee (CCWHA) had a clear goal: preserve and improve the subsidized housing in a prime location on the Wenatchee River in the beautiful Cascade mountain town of Leavenworth, WA where the affordable housing crisis is significant.
Categories Centennial Mortgage
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The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary of Julia Arnett.
Categories Interest Rates
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The US 10 Year Treasury started the week relatively unchanged as investors continue to focus on inflation.
Boulder Pointe is a 52 unit project out of Sioux Falls, SD. The 223(f) amounted to $4,250,000. The loan was closed by Michael McCullough.
Bancroft Place is a 52 unit project out of Sioux Falls, SD. The 223(f) amounted to $3,455,000. The loan was closed by Michael McCullough on 5/19/2021.
Categories Centennial Mortgage, Closings
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Winchester Court I & II is an elderly housing complex located in an Opportunity Zone census tract which reduced the HUD application fee of this multi-million dollar loan.
Categories Interest Rates
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Treasury Rates continue to rise as inflation on commodities creeps up while the Investment community is concerned that the Fed has no answer.
Categories Interest Rates
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New job creation was lower than expected in April according to data released last Friday. This news caused an immediate drop in 10 year treasury yields.
Categories Centennial Mortgage
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Centennial Mortgage Inc. is pleased to welcome Debra Gray to the team as Construction Manager.
Congratulations to the Everett Housing Authority! They embarked on a bold plan to redevelop their public housing in the Baker Heights neighborhood under HUD’s Section 18 program with the vision of replacing the obsolete buildings and creating 105 new units of service enriched housing for low-income families.
Categories Centennial Mortgage
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The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Sheryldene Rogers. Sheryldene was a developer who was also a client of CMI.
Categories Interest Rates
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The market remains somewhat flat as investors try to make sense of conflicting economic data. Employment continues to strengthen but the release of ISM Manufacturing numbers were disappointing and showing signs of inflation in the 4.5% range.