Autumn Park – Washington is a 48 unit project out of Shenandoah, IA. The 223(f) amounted to $1,880,000. The loan was closed on 3/18/2021 by Mike McCullough.
Categories Interest Rates
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The third round of stimulus was approved last week and the markets quickly reacted with an increase in the 10 years treasury yield.
Categories HUD Regulations
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Centennial Mortgage is looking forward to positive trends for affordable housing with the recent confirmation of Marcia Fudge as the new Secretary of the Department of Housing and Development and based on the appointment of Ethan Handelman as the Deputy Assistant Secretary for Multifamily Housing.
Categories Interest Rates
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Treasury yields continue to inch upward as the Fed continues to issue billions of dollars in bonds in response to the COVID-19 pandemic.
Categories 221(d)(4), HUD Regulations, USDA
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Having had the honor of working with the Upper Shore Aging Housing Corporation (USAHC) on the preservation financing of 5 of their other 202 elderly housing projects, CMI was happy to assist the Executive Director Norman Davidson and the consultant Gates Kellet Dunaway on Perry Villa.
Categories Interest Rates
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Massive stimulus, huge deficits and high levels of bond issuance needed to keep the US solvent is why the 10 year treasury rate continues to tend up.
Categories Centennial Mortgage, USDA
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The temporary halt in residential evictions originally issued by CDC has been extended through March 31, 2021.
Categories Interest Rates
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The US 10 Year Treasury rate increased to 1.27% today which passed pre-pandemic rates. The drivers are a fear of increased inflation, increasing supply by the Fed and an optimism over the passing of a massive stimulus package.
Categories Centennial Mortgage
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There are many accounts of the origins of Valentine’s Day that can be found through various sources.
Categories Centennial Mortgage, Uncategorized
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Wishing all of our partners and associates a Happy New Year. May the Year of the Ox be auspicious for all.
Categories 223(a)(7), 223(f), Centennial Mortgage
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In January, Centennial Mortgage closed two projects - Western Heights Apartments and Our Lady of Guadalupe.
Categories Interest Rates
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Treasury Secretary Janet Yellen expressed that a stimulus package could lead to full employment in 2022 if it happened quickly and the amount as large.