Generated by All in One SEO v4.9.6.2, this is an llms.txt file, used by LLMs to index the site. # Centennial Mortgage Inc FHA Lender and Loan Servicer ## Sitemaps - [XML Sitemap](https://centennialmortgage.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Blog](https://centennialmortgage.com/blog/) - [Closing: Cedar Portfolio](https://centennialmortgage.com/closing-cedar-portfolio/) - Cedar Portfolio Secures $27.4M FHA 221(d)(4) Financing and Completes RAD for PRAC Conversion with the help of the Mission Mavens and Team CMI - [Closing: Canon Club and Sunrise Manor Apartments](https://centennialmortgage.com/canon-club-sunrise-manor/) - Clifton Townhomes, built in 1982, is a multifamily project-based Section 8 property located in Clifton, Colorado. - [Closing: Wisteria View Manor](https://centennialmortgage.com/closing-wisteria-view-manor/) - $12,000,700 million in updates set for Wisteria View Manor thanks to Team Mission Maven of Centennial - [Closing: Emma McRedmond Manor](https://centennialmortgage.com/closing-emma-mcredmond-manor/) - Emma McRedmond Manor, built in 1983, is a Catholic Housing Services of Western Washington multifamily project-based Section 8 property located in Redmond, Washington. - [Project Closing: Clifton Townhomes](https://centennialmortgage.com/project-closing-clifton-townhomes/) - Clifton Townhomes, built in 1982, is a multifamily project-based Section 8 property located in Clifton, Colorado. - [Closing: Munro House](https://centennialmortgage.com/closing-munro-house/) - Munro House, built in 1995, is a 58-unit, senior housing, Section 8 property located in Erlanger, KY. It is part of The Village at Erlanger Campus. - [Closing: Archbishop Carroll Manor](https://centennialmortgage.com/closing-archbishop-carroll-manor/) - Archbishop Carrol Manor, built in 1980, is a 236-unit Catholic Housing Management multifamily project-based Section 8 property located in Miami, Florida - [Project Closing: Liberty Park Expansion, Spokane, WA](https://centennialmortgage.com/project-closing-liberty-park-expansion-spokane-wa/) - The Liberty Park Manor new construction project is part of a campus. The campus includes existing Section 8 residential units and an Early Learning Center. - [Garten Haus Grand Re-Opening](https://centennialmortgage.com/garten-haus-grand-reopening/) - Garten Hause Apartment celebrated the re-opening of their 32 unit property in Leavenworth, WA. Residents, partners and staff gathered to unveil the improvements - [Project Closing: Stella Maris House](https://centennialmortgage.com/project-closing-stella-maris-house/) - Stella Maris House, built in 1985, is a multifamily project-based Section 8 property located in Miami, Florida - [Project Closing: Elbert House](https://centennialmortgage.com/project-closing-elbert-house/) - Bellevue, Washington is a beautiful place to live, but can be unaffordable, especially for seniors. Cue: The Mission Mavens For the team at CMI, headed up by Vice President of Origination, Sunny Fitzgerald, providing exceptional service to mission-oriented affordable housing organizations is just another day on the job. Catholic Housing Services lead by Jeanne Le - [2023 Annual Western HUD Lenders' Conference](https://centennialmortgage.com/2023-annual-western-hud-lenders-conference-2/) - The 2023 conference continues with the entertaining and informative format from past years. This year’s theme includes Western themed activities and games. - [Three Reasons To Consider a HUD Loan](https://centennialmortgage.com/three-reasons-to-consider-a-hud-loan/) - The list of reasons to consider working with HUD and Centennial Mortgage, Inc. on your next project is growing. - [Centennial Mortgage Update - Celebrating Connor Danigelis' Service Anniversary](https://centennialmortgage.com/celebrating-connor-danigelis-service-anniversary/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Connor Danigelis. Connor Started with CMI in June of 2018 as an analyst. He started as an analyst sizing deals and reviewing annual audits for the servicing Department and has worked his way up to being a Junior Underwriter. In addition - [Centennial Mortgage Update – Celebrating Bill Arnold's Service Anniversary](https://centennialmortgage.com/celebrating-bill-arnolds-service-anniversary/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Bill Arnold. Bill joined CMI in June 2018 as an underwriter. Bill had a background in credit, banking and commercial mortgage before he entered the world of FHA finance in 2012. Bill is a valuable member of the team and provides - [Project Closing - The Cascade at Falls Park](https://centennialmortgage.com/project-closing-the-cascade-at-falls-park/) - The Cascade at Falls Park is a 197 unit project out of Sioux Falls, SD. The 223(f) amounted to $38,020, 500. The project was closed by Michael McCullough on August 24, 2021. - [Project Closing - Highland Village Apartments](https://centennialmortgage.com/project-closing-highland-village-apartments/) - Highland Village Apartments is a 219 unit project in Radford, VA. The 223(a)(7) amounted to $4,838,600. The project was originated by Matt Kane, President - [Congratulations Hugh Jeffers!](https://centennialmortgage.com/congratulations-hugh-jeffers/) - Congratulations to Hugh Jeffersfor receiving the Roger Wilcox President's Award from the National Association of Housing Cooperative! - [MEET: Your Affordable Housing Lender](https://centennialmortgage.com/meet-your-affordable-housing-lender/) - For over 45 years, Centennial Mortgage, Inc. has served affordable multifamily and healthcare owners and developers with U.S. Department of Housing and Urban Development and USDA loan products. Find out why our long track record of successfully navigating government finance has resulted in one of the Industry's highest loan approval ratings. Contact us today. - [Project Closing: Noble Towers Apartments](https://centennialmortgage.com/project-closing-noble-towers-apartments/) - Noble Towers Apartments is a 132 unit project in Pittsburgh, Pennsylvania. The 223(a)(7) amounted to $6,200,000. The project was originated by Mike McCullough, Vice President - [Midwest Region Meet & Retreat](https://centennialmortgage.com/centennial-team-event-midwest-meet-retreat/) - The Midwest contingent of Centennial Mortgage, Inc. met at company HQ in South Bend, IN for an incredible two day meet and retreat in May. For some of us like Debbie Gray, Danielle McCausland, Teresa Kovach, Nikkole Caudill, Chad Nykiel and Son (Mark) Tran, it was our first time meeting many of our fellow team members face to face! For others including, Heather - [Project Closing - Bristol Park Apartments](https://centennialmortgage.com/project-closing-bristol-park-apartments-223f-refinance-cash-out-equity-hud-long-term-loan/) - Bristol Park Apartments is a 208 unit project in Oak Ridge, TN. This 223(f) refinance amounted to $19,280,000. This project was originated by Matt Kane, President. - [Project Closing: Palmer House](https://centennialmortgage.com/project-closing-palmer-house/) - This 223(f) Refinance amounted to $16,285,700. The project was originated by Vice President of Affordable Housing, Sunny Fitzgerald. The dedicated team at Catholic Housing Management including Juana Mejia and David D’Amico saw an opportunity to further serve their residents and they dove right in with the help of their fantastic consultant, Gates Kellett at the - [Industry Event: SWAC](https://centennialmortgage.com/industry-event-swac-2/) - NEXT STOP: The Lone Star State ⭐ The Centennial Mortgage, Inc. team including, Raelee Jones, Bill Arnold , Debbie Gray and Ceheira Johnson hit the trail for a stop in Fort Worth for the 17th Annual SWAC Conference. What a great chance it was to experience the Spirit of Texas, connect with colleagues, get industry updates and get in a - [Project Closing: Fairmont Arbors](https://centennialmortgage.com/portfolio-fairmont-arbors/) - Fairmont Arbors is a 119 unit elderly project in Fairmont, WV. This 223(f) amounted to $8,096,000. This project was originated by Mike McCullough, Vice President - [FHA News: HUD Section 232 Green MIP Reduction](https://centennialmortgage.com/green-mip-reduction/) - Federal Housing Administration and HUD Office of Housing has announced new "Green Mortgage Insurance Premium" reductions for Residential Care Facilities. HUD Section 232 projects able to meet industry-recognized Green Building Certifications will see both upfront and annual MIP reductions. Section 232 “Green MIP” reductions will apply for new Section 232 mortgage insurance applications that prove the property is on - [Project Closing: Livingston/Oakley](https://centennialmortgage.com/project-closing-livingston/) - The Housing Authority of Livingston Tennessee and their Executive Director, Ken Mabery had a dream to not only preserve their existing public housing via a RAD Conversion, but to develop more affordable housing. "Small communities are struggling with the need for affordable housing, " said Sunny Fitzgerald, vice president, "and Centennial’s team including Bill Arnold, - [Project Closing: Emerson Manor](https://centennialmortgage.com/project-closing-emerson-manor/) - Emerson Manor is a 35 unit elderly project in Wenatchee, WA. This 221(d)(4) Substantial Rehabilitation amounted to $5,272,500. The project was originated by Vice President of Affordable Housing, Sunny Fitzgerald. - [Industry Event: WMAC](https://centennialmortgage.com/industry-event-wmac/) - WESTERN MORTGAGEE ADVISORY COUNCIL, Come on down to the Mile High City! The 22nd Annual (and first in person since 2019) WMAC conference took place in Denver, CO September 13-15 and we couldn’t be more excited to tell you about what we won, folks! Centennial Mortgage, Inc.’s Chief Underwriter and incoming WMAC Board President, Raelee Jones, - [Industry Event: SWAC](https://centennialmortgage.com/industry-event-swac/) - This month, our very own Raelee Jones, Bill Arnold, Joe Spina, Connor Danigelis and Pierce DeMarco met up in the Lone Star State of Texas. From the latest in affordable housing finance options to discussion on environmental hot topics in the Southwest Region and regional market updates - there's a lot going on at this week's 16th Annual SWAC Conference - [Treasury Rate Update: December 27, 2021](https://centennialmortgage.com/treasury-rate-update-december-27-2021/) - The US 10 Year Treasury is relatively flat today as Investors assess the spread of the Omicron variant and what it means for the economy. - [FEATURE ARTICLE: Mission Mavens](https://centennialmortgage.com/mission-mavens-centennialmortgage/) - Our very own Sunny Fitzgerald and Cindy Ross were featured in the latest edition of Affordable Housing News Magazine. Read the full digital publication linked in the image. #fhalenders #affordablehousing "What the Fitzgerald-Ross team at Centennial is doing is giving [these] nonprofit organizations the tools to effectively make change in affordable housing." - [FEATURE ARTICLE: Niche Lending - Specialized Lender](https://centennialmortgage.com/feature-article-coop-housing/) - How a lender with a breadth of HUD expertise is guiding cooperative housing deals to close. Read the full digital publication linked in the image. #fhalenders #affordablehousing #cooperativehousing #hud "There are only a few lenders who really understand the model and do it well," Jeffers says. "I would include Centennial Mortgage in that." - [Team News: Bill Arnold Named Deputy Chief Underwriter](https://centennialmortgage.com/team-news-bill-arnold-promoted-to-deputy-chief-underwriter/) - Centennial Mortgage, a specialized affordable multifamily and healthcare lender for over 45 years, congratulates Bill Arnold on his recent promotion to Deputy Chief Underwriter for HUD and USDA loan programs. "Our commitment to the client is to make the process as effortless as possible, so it only makes sense to put the right people in - [HOUSING NEWS: April is National Fair Housing Month](https://centennialmortgage.com/housing-news-april-is-national-fair-housing-month/) - 2022 marks the 54th anniversary of the Fair Housing Act, the landmark civil rights law signed by President Lyndon B. Johnson on April 11, 1968, that made discrimination in housing transactions unlawful. Signed one week after the assassination of Martin Luther King Jr., The Fair Housing Act has helped to make affordable housing possible for many - [Treasury Rate Update: January 10, 2021](https://centennialmortgage.com/treasury-rate-update-january-10-2021/) - Inflation continues to dominate headlines and the Fed has responded by indicating that rate hikes are coming. 81% of the investment community believes that the first of three (3) 2022 rate hikes will come in March causing an uptick in treasury yields. - [Treasury Rate Update: January 3, 2021](https://centennialmortgage.com/treasury-rate-update-january-3-2021/) - We start the new year with concerns over inflation and the severity of the Omicron variant. These concerns have pushed up yields as the market prepares for rate hikes starting as soon as March 2022. - [Treasury Rate Update: December 20, 2021](https://centennialmortgage.com/treasury-rate-update-december-20-2021/) - Investor confidence has eroded due to the stagnation of the Build Back Better $2T proposal and concerns over the Omicron variant. As a result, money has flowed out of equites and into the safety of treasuries. - [Treasury Rate Update: December 13, 2021](https://centennialmortgage.com/treasury-rate-update-december-13-2021/) - The Federal Reserve joins 20 other central banks this week in meeting to discuss tapering and rate increases. The investment community anticipates that the outcome of that meeting will be that the Fed will double the rate of tapering and aim for three (3) rate hikes in 2022. - [Treasury Rate Update: December 6, 2021](https://centennialmortgage.com/treasury-rate-update-december-6-2021/) - US 10 Year Treasury rates opened at 1.38% as the uncertainty of the new Omicron COVID variant has moved investors out of equities and into the safety of treasuries. With inflation escalating and the Fed leaning in a hawkish direction, Omicron appears to be the chief reason treasury yields are depressed. - [Treasury Rate Update - November 30, 2021](https://centennialmortgage.com/treasury-rate-update-november-30-2021/) - Volatility is a top concern as US Treasury rates dropped .12% on Friday and increased by .8% today. The discovery of a new COVID variant is responsible for the volatility. News broke last week that this new variant originating in South Africa had already migrated to Western Europe. This news caused investors to sell stock - [Treasury Rate Update - November 29, 2021](https://centennialmortgage.com/treasury-rate-update-november-29-2021/) - Volatility is a top concern as US Treasury rates dropped .12% on Friday and increased by .8% today. The discovery of a new COVID variant is responsible for the volatility. News broke last week that this new variant originating in South Africa had already migrated to Western Europe. This news caused investors to sell stock - [Treasury Rate Update - November 22, 2021](https://centennialmortgage.com/treasury-rate-update-november22-2021/) - The US 10 Year Treasury opened at a 1.59% which is 4 basis points higher than Friday’s rate. This week, economic data will be relatively light due to the Thanksgiving holiday. Please also note that the bond market will be closed on Thursday and open a half day on Friday. - [Treasury Rate Update - October 25, 2021](https://centennialmortgage.com/treasury-rate-update-october-25-2021/) - The US 10 year Treasury was volatile last week fluctuating between 1.56% and 1.70%. This week investors will be looking at big tech earnings, inflation indicators, jobless claims, the spreading Covid variant in China and the central banks of Japan, Brazil, Canada and the EU for an indication of how yields will play out in - [Project Closing - Goldberg B'nai B'rith](https://centennialmortgage.com/project-closing-goldberg-bnai-brith-towers/) - Goldberg B’nai B’Rith Towers is a 302 unit development in Houston, TX. This HUD 223 (a)7 loan amounted to $9,064,200. This financing lowered the interest rate, providing improved cash flow and increased replacement reserves. - [Treasury Rate Update - October 18, 2021](https://centennialmortgage.com/treasury-rate-update-october-18-2021-2/) - Inflation continues to cast a long shadow on US Treasury rates as investors increasingly are assuming that inflation is not transitory. This viewpoint is supported by the Bank of England who are discussing rate hikes. - [Treasury Rate Update - October 15, 2021](https://centennialmortgage.com/treasury-rate-update-october-15-2021/) - [Treasury Rate Update - September 27, 2021](https://centennialmortgage.com/treasury-rate-update-september-27-2021/) - The debate over the debt level increase and a stopgap bill to keep the government open after September 30th have created a volatile investment environment resulting in higher yields. - [Treasury Rate Update - September 20, 2021](https://centennialmortgage.com/treasury-rate-update-septmber-20-2021-2/) - Global equity markets retreated 1-3% due to concerns with over valuations and Chinese real estate while domestic markets were down 2% due to additional concerns over tapering and the debt ceiling. The 10 year treasury yield fell by 4 basis points from Friday to open at 1.33% which is the same level the market opened - [Project Closing - Buckhannon Manor](https://centennialmortgage.com/project-closing-buckhannon-manor/) - Buckhannon Manor is a 142 unit project out of Buckhannon, WV. The 223(f) amounted to $7,880,000. The project was closed by Michael McCullough on August 16, 2021. - [Treasury Rate Update - August 30, 2021](https://centennialmortgage.com/treasury-rate-update-august-30-2021/) - Fed Chair Jay Powell announced on Friday that the Fed would begin a reduction of asset purchases starting in late 2021. He went further and stated that an increase in interest rates would not increase until there was significant improvement in employment. These statements were well received by investors and the equity market closed at - [Treasury Rate Update - August 22, 2021](https://centennialmortgage.com/treasury-rate-update-august-22-2021/) - The treasury rate opens 2 basis points higher than on Friday and at the same level as last Monday. Things could change however as the markets will be looking at a busy week for economic data and a speech on Friday by Fed Chair Powell from the Fed retreat in Jackson Hole. Investors are looking - [Treasury Rate Update - August 16, 2021](https://centennialmortgage.com/treasury-rate-update-august-16-2021/) - Geopolitical tensions sharply impacted US 10 year Treasury yields as we start the week. The decline in rates was a reaction to the Taliban capturing Afghanistan, the Chinese economy showed disappointing growth and the uncertainty associated with the Covid Delta variant. - [Treasury Rate Update - August 9, 2021](https://centennialmortgage.com/treasury-rate-update-august-9-2021/) - Treasuries remain unchanged from the end of last week when robust employment numbers were announced. These positive employment reports indicate a continuing strength in the economy putting upward pressure on yields. - [Treasury Rate Update - August 2, 2021](https://centennialmortgage.com/treasury-rate-update-august-2-2021/) - The US 10 Year Treasury yields declined since last week based on conflicting lower June construction data and higher July manufacturing employment and pricing. In addition, a surge in the COVID Delta variant is causing concern that the economic recovery may slow down, thus suppressing rates. - [Project Closing - Cherokee Bluff and Timber Ridge](https://centennialmortgage.com/project-closing-cherokee-bluff-and-timber-ridge/) - The Loudon TN Housing Authority was successful in their RAD conversion from public housing to Section 8. The county commissioners and Executive Director worked diligently through the FHA 223(f) loan process. Their consultants, at Recap Advisors were masterful guides through the RAD conversion. And the CMI counsel lead by Krooth and Altman and the borrower - [Project Closing - Fairview Terrace, Valley View Village, Crest View Homes](https://centennialmortgage.com/project-closing-fairview-terrace-valley-view-village-crest-view-homes/) - The Sweetwater TN Housing Authority was successful in their RAD conversion from public housing to Section 8. The county commissioners and Executive Director worked diligently through the FHA 223(f) loan process . Their consultants, at Recap Advisors were masterful guides through the RAD conversion. And the CMI counsel lead by Krooth and Altman and the - [Project Closing - Englewood East](https://centennialmortgage.com/project-closing-englewood-east/) - Englewood East is a 50 unit project out of Salem, OR. The 223(f) amounted to $5,208,000. The project was closed by Michael McCullough on July 15, 2021. - [Treasury Rate Update - July 20, 2021](https://centennialmortgage.com/treasury-rate-update-july-20-2021/) - The rapid rise in the Covid-19 Delta variant is putting the economic recovery at risk. As a result of potential, as well as actual shutdowns, the international equity markets dropped between 1 and 3% while the 10 year treasury yields declined to their lowest levels since February. - [Project Closing - Villages of Capital Pointe](https://centennialmortgage.com/project-closing-villages-of-capital-pointe/) - Villages of Capital Pointe is a 48 unit project out of Washington Twp., MI. The 223(f) amounted to $6,408,000. The loan was closed by Walter Olejniczak. - [Treasury Rate Update - July 12, 2021](https://centennialmortgage.com/treasury-rate-updates-july-12-2021/) - Inflation continues to be the focus on both the consumer (CPI) and producer (PPI) side. June CPI will be released on Tuesday and June PPI data will be released on Wednesday. In addition, Chair Powell will be addressing the House and Senate on Wednesday and Thursday respectively. - [Project Closing - Pasadena Interfaith Manor](https://centennialmortgage.com/project-closing-pasadena-interfaith-manor/) - Pasadena Interfaith Manor is a 175 unit project out of Pasadena, TX. The 223(a)(7) amounted to $6,083,000. The loan was closed by Joe Spina. - [Treasury Rate Update - June 29, 2021](https://centennialmortgage.com/treasury-rate-update-june-29-2021/) - The investment community is still trying to understand the Fed’s intentions as inflation climbs and the unemployment rate goes down to an expected 5.6% from it’s current level of 5.8%. Although the Fed desires to hold off tapering until 2022 and raising rates until 2023, many believe that outside forces will force faster action. - [Project Closing - Autumn Park-Chariton](https://centennialmortgage.com/project-closing-autumn-park-chariton/) - Autumn Park-Chariton is a 58 unit project out of Chariton, IA. The 223(f) amounted to $1,900,000. The loan was closed by Mike McCullough. - [Centennial Mortgage Update - Celebrating Julia Arnett's Service Anniversary](https://centennialmortgage.com/the-centennial-mortgage-team-celebrates-the-service-anniversary-of-julia-arnett/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary of Julia Arnett.Julia started with CMI in May 2018 as a Project Manager. Julia has a varied background that set her up to be a valuable contributor in the FHA space. She continues to expand her knowledge of the FHA product types - [Treasury Rate Update - June 21, 2021](https://centennialmortgage.com/treasury-update-june-21-2021/) - The Fed meeting last week resulted in a rather hawkish statement about holding off tapering until 2022 and keeping interest rates steady until 2023. Fed Chair Powell will be giving Congressional testimony tomorrow and the markets should be afforded a lot more insight into what their thinking is. - [Treasury Rate Update - June 7, 2021](https://centennialmortgage.com/treasury-rate-update-june-7-2021/) - Treasury Secretary, Janet Yellen, this weekend stated that a moderate rise in interest rates is beneficial to both the Fed and society in general. This statement in effect softens the Biden Administration’s position on inflation while enforcing their position on the importance of full employment. - [Treasury Rate Update - June 1, 2021](https://centennialmortgage.com/treasury-rate-update-june-1-2021/) - The US 10 Year Treasury opened slightly higher this week at 1.63%. After a disappointing April report, the market will be watching the jobs report for May which will be released on Thursday. This report is an indicator of job creation as well as the overall unemployment rate and a stronger than expected result could - [Project Closing - North Liberty Living Center](https://centennialmortgage.com/project-closing-north-liberty-living-center/) - North Liberty Living Center is a 80 unit project out of North Liberty, IA. The 223(f) amounted to $2,009,500. The loan was closed by Terrance Watkins. - [Project Closing - Garten Haus Apartments](https://centennialmortgage.com/project-closing-garten-haus-apartments/) - 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. They brought together a dedicated development team including, ZBA - [Treasury Rate Update - May 24, 2021](https://centennialmortgage.com/treasury-rate-update-may-24-2021/) - The US 10 Year Treasury started the week relatively unchanged as investors continue to focus on inflation. Currently, the market is expecting the Fed to leave rates alone for the remainder of the year but will be pressured into making adjustments in Q1 of 2022. - [Project Closing - Boulder Pointe Townhomes](https://centennialmortgage.com/project-closing-boulder-pointe-townhomes/) - 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. - [Project Closing - Bancroft Place](https://centennialmortgage.com/project-closing-bancroft-place/) - 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. - [Project Closing - Winchester Court I and II](https://centennialmortgage.com/project-closing-winchester-court-i-and-ii/) - 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. The development consists of six two-story apartment buildings with 78 units surrounded by gently sloped grass covered areas with large trees surrounding the Spokane, Washington site. The - [Treasury Rate Update - May 17, 2021](https://centennialmortgage.com/treasury-rate-update-may-17-2021/) - Treasury Rates continue to rise as inflation on commodities creeps up while the Investment community is concerned that the Fed has no answer. - [Treasury Rate Update - May 10, 2021](https://centennialmortgage.com/treasury-rate-update-may-10-2021/) - 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. The fall was short lived however as inflation fears continue to put pressure on rates and yields are slowly rising again. - [Centennial Mortgage Welcomes Debra Gray to the Team](https://centennialmortgage.com/centennial-mortgage-welcomes-debra-gray-to-the-team/) - Centennial Mortgage Inc. is pleased to welcome Debra Gray to the team as Construction Manager. Debra comes to us with 10+ years prior experience as a U.S. Department of HUD Construction Loan Administrator for both MAP and LEAN transactions. She has overseen and actively participated in the management of $1.6 billion in MAP and LEAN - [Project Closing - Baker Heights](https://centennialmortgage.com/project-closing-baker-heights/) - 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. Centennial Mortgage provided an FHA 221(d)(4) mortgage to - [Centennial Mortgage Update – Celebrating Sheryldene Rogers' Service Anniversary](https://centennialmortgage.com/celebrating-sheryldene-rogers-service-anniversary/) - 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. In January 2016, she began consulting for CMI while completing her last development projects, and then officially joined CMI in May 2017 as a junior underwriter. She has - [Treasury Rate Update - May 3, 2021](https://centennialmortgage.com/treasury-rate-update-may-3-2021/) - 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. - [Project Closing - Alice Place Waukee](https://centennialmortgage.com/project-closing-alice-place-waukee/) - Alice Place Waukee is a 59 unit project out of Waukee, IA. The 223(f) amounted to $2,666,000. The loan was closed on 4/21/2021 by Terrance Watkins. - [Treasury Rate Update - April 26, 2021](https://centennialmortgage.com/treasury-rate-update-april-26-2021/) - The US 10 year treasury rate opened at the same level it ended on Friday. The equity markets are also flat with investors focusing on the FOMC meeting Tuesday and Wednesday. In addition, the investment community will be analyzing corporate earnings this week, including Tesla’s, as an indication of the overall strength of the economy. - [Centennial Mortgage Update – Celebrating Heather Orlowski's Service Anniversary](https://centennialmortgage.com/centennial-mortgage-update-celebrating-heather-orlowskis-service-anniversary/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Heather Orlowski. Heather started with CMI in April 2018 as a MAP approved underwriter. During her tenure with the company, she has been working toward becoming a full-time originator and expects to realize that dream in the coming year. Heather is - [Pursue a Green Building Certification with Centennial Mortgage](https://centennialmortgage.com/pursue-a-green-building-certification/) - Green grass and blue skies are hallmarks of Spring. If all of that green has you wondering if you should pursue a green building certification when refinancing your apartment project to go along with the season, please contact us at Centennial Mortgage and one of our expert originators will help you navigate the FHA process - [Treasury Rate Update - April 19, 2021](https://centennialmortgage.com/treasury-rate-update-april-19-2021/) - There was little change this morning in the 10 year treasury rate over the end of last week. With little economic data scheduled to be released this week and the Federal Reserve members retreating from public engagement, the markets are hoping for reduced volatility until a number of treasury auctions are issued the week of - [Centennial Mortgage Promotes Pamela Dotson](https://centennialmortgage.com/centennial-mortgage-promotes-pamela-dotson/) - Centennial Mortgage Inc. is pleased to announce the promotion of Ms. Pamela Dotson to Loan Servicing Manager. Pam has been an integral part of the servicing team and a highly valuable member of Centennial Mortgage for over 9 years. We value all of Pam’s skills as well as her ability to provide the high level - [Treasury Rate Update - April 12, 2021](https://centennialmortgage.com/treasury-rate-update-april-12-2021/) - Fed Chairman Powell on the television show “60 Minutes” stated that the Fed will keep interest rates suppressed until the economy gains full employment, which will take some time. This seems to have resonated with the markets as the 1.67% yield on the 10 year US treasury is still operating in last week’s trading range. - [Treasury Rate Update - April 5, 2021](https://centennialmortgage.com/treasury-rate-update-april-5-2021/) - The market is looking for clues from the Federal reserve meeting minutes that will be issued today for signs of when potential tapering of bond purchases will occur. Meanwhile the 10 year treasury yields are down to a 1.66% from the 1.72% that opened the week. - [Project Closing - Nikkei Senior Gardens](https://centennialmortgage.com/project-closing-nikkei-senior-gardens/) - Nikkei Senior Gardens is a 78 unit assisted living project out of Arleta, California. The 232-223(a)(7) amounted to $13,992,900. The loan was closed on Wednesday, March 31 by James Lewin. - [Treasury Rate Update - March 29, 2021](https://centennialmortgage.com/treasury-rate-update-march-29-2021/) - The 10 Year US Treasury yields opened at 1.69% which is the same as last Monday, March 22, 2021. The Biden Covid stimulus package as well as it’s proposed infrastructure economic rejuvenation plan is keeping pressure on yields as we move forward. - [Centennial Mortgage Welcomes David Bartlett to the Team](https://centennialmortgage.com/centennial-mortgage-welcomes-david-bartlett-to-the-team/) - Centennial Mortgage is pleased to welcome David Bartlett back to the team as a Senior MAP Underwriter. David received his HUD MAP lender approval while working at Oppenheimer Financial in 2013. Since then, he has worked for several HUD lenders, underwriting new construction, market rate and affordable housing. David has been working in the real - [Treasury Rate Update - March 23, 2021](https://centennialmortgage.com/treasury-rate-update-march-23-2021/) - Bond yields settled in as Federal Reserve Chairman Powell commented this weekend that the Fed would do whatever was necessary to support the economy “as long as it takes.” - [Project Closing: Autumn Park - Washington](https://centennialmortgage.com/project-closing-autumn-park-washington/) - 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. - [Treasury Rate Update - March 16, 2021](https://centennialmortgage.com/treasury-rate-update-march-16-2021/) - The third round of stimulus was approved last week and the markets quickly reacted with an increase in the 10 years treasury yield. This upward trend has flattened as the Biden administration is proposing the first tax hikes since 1993. If enacted, these tax increases will create headwinds for the recovery which normally would help - [New HUD Appointments Promising for Affordable Housing](https://centennialmortgage.com/new-hud-appointments-promising-for-affordable-housing/) - 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. Both Ms. Fudge and Mr. Handelman bring to their new positions - [Treasury Rate Update - March 11, 2021](https://centennialmortgage.com/treasury-rate-update-march-11-2021/) - Treasury yields continue to inch upward as the Fed continues to issue billions of dollars in bonds in response to the COVID-19 pandemic. - [Project Closing - Perry Villa Apartments](https://centennialmortgage.com/project-closing-perry-villa-apartments/) - 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. This 20-unit Section 202 project is a vital piece - [Treasury Rate Update - March 1, 2021](https://centennialmortgage.com/treasury-rate-update-march-1-2021/) - 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. - [Update to 2020 Halt on Residential Evictions](https://centennialmortgage.com/update-to-2020-halt-on-residential-evictions/) - The temporary halt in residential evictions originally issued by CDC has been extended through March 31, 2021. Per the USDA: “This moratorium allows the U.S. Department of Agriculture (USDA) Rural Development to extend relief to the tens-of-thousands of rural Americans nationwide who rely on USDA-supported multi-family housing. The halt in evictions applies when the tenants - [Treasury Rate Update - February 22, 2021](https://centennialmortgage.com/treasury-rate-update-february-22-2021/) - The effects of financing government spending during the pandemic with US Treasuries is rapidly increasing the supply of US guaranteed debt. Due to this increased supply, yields have risen to entice purchasers. The result is a 10 basis point increase to 1.35% in the 10 year treasury rate this week. - [Treasury Rate Update - February 16, 2021](https://centennialmortgage.com/treasury-rate-update-february-16-2021/) - 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. - [Happy Valentine's Day from Centennial Mortgage](https://centennialmortgage.com/happy-valentines-day-from-centennial-mortgage/) - There are many accounts of the origins of Valentine’s Day that can be found through various sources. This information found on the website “RealSimple.com” sums it up by allowing folks to celebrate the day as they see fit: “If you’re trying to figure out what to do on Valentine’s Day, just know that there are - [Lunar New Year 2021 – The Year of the Ox](https://centennialmortgage.com/lunar-new-year-2021-the-year-of-the-ox/) - Wishing all of our partners and associates a Happy New Year. May the Year of the Ox be auspicious for all. - [January Closings](https://centennialmortgage.com/january-closings-2021/) - In January, Centennial Mortgage closed two projects - Western Heights Apartments and Our Lady of Guadalupe. PROJECT OVERVIEW Western Heights Apartments is a 80 unit project out of Sioux Falls, SD. The 223(f) amounted to $4,480,000. The loan was closed on 1/21/2021 by Michael McCullough. PROJECT OVERVIEW Our Lady of Guadalupe is owned and managed by - [Treasury Rate Update - February 8, 2021](https://centennialmortgage.com/treasury-rate-update-february-8-2021/) - 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. Conversely, she stated that a lack of major stimulus would not allow for full employment until 2025. As a result of her statements, the stock market rose to new highs - [Hugh Jeffers is Interviewed on “Everything Co-op”](https://centennialmortgage.com/hugh-jeffers-is-interviewed-on-everything-co-op/) - Hugh Jeffers of Centennial Mortgage is interviewed on the radio program “Everything Co-op” hosted by Vernon Oakes to discuss the renewed interest in developing new housing cooperatives. The discussion includes what’s driving this interest, what groups are developing cooperatives, and the national, regional and local resources being used to finance these new developments. Everything Co-op - [Centennial Mortgage Update - Celebrating Amy Ahseln's Service Anniversary](https://centennialmortgage.com/centennial-mortgage-update-celebrating-amy-ahselns-service-anniversary/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary of Amy Ahseln. Amy started with CMI in February 2015 as a Project Manager. Amy brought a wealth of FHA expertise with her as she had worked in the industry for several years prior to joining CMI. She continues to expand her knowledge - [Treasury Rate Update - February 1, 2021](https://centennialmortgage.com/treasury-rate-update-february-1-2021/) - The US 10 year treasury opened flat this morning while the equity markets edged up slightly. Varies job related data will be released on Wednesday, Thursday and Friday with expectations of little change and a continued 6.7% unemployment rate. - [Treasury Rate Update - January 25, 2021](https://centennialmortgage.com/treasury-rate-update-january-25-2021/) - 10 Year US Treasury rates opened lower today as bi-partison opposition to the Biden Administration’s $1.9 Trillion stimulus package has increased, coupled with speculation that the Fed may look to ease future purchases of government securities. - [Treasury Rate Update - January 19, 2021](https://centennialmortgage.com/treasury-rate-update-january-19-2021/) - Pressure remains on the US 10 Year Treasury as the new Treasury Secretary Janet Yellen calls for more expansive government action. The result is that the treasury rate is up 3 basis points since Friday. - [From the Origination Corner - Low Income Housing Tax Credit Proposals](https://centennialmortgage.com/from-the-origination-corner-low-income-housing-tax-credit-proposals/) - Happy New Year! As we embark upon a new year and you consider your affordable Low Income Housing Tax Credit (LIHTC) proposals, this is a great time to also consider your LIHTC debt financing options and Centennial Mortgage. Centennial Mortgage is a mortgage bank providing capital through a variety of U.S. Department of Housing and - [Treasury Rate Update - January 11, 2021](https://centennialmortgage.com/treasury-rate-update-january-11-2021/) - With the Senate tied at 50 seats for each party and Vice President elect Kamala Harris having the deciding vote, the Democrats control the White House, Congress and the Senate. This control will make it easier for President elect Joe Biden to enact legislation that fulfills his agenda. The markets assume that increased government spending - [Centennial Mortgage Welcomes Julie Ellithorpe to the Team](https://centennialmortgage.com/centennial-mortgage-welcomes-julie-ellithorpe-to-the-team/) - Centennial Mortgage is pleased to welcome Julie Ellithorpe to the team as a Project Manager. Julie has served non-profit organizations for over 10 years to develop and preserve affordable housing for elderly, physically and mentally disabled individuals. Providing people with opportunities to better their situation is Julie’s passion.Being a Project Manager, allows her to further - [Treasury Rate Update - January 4, 2021](https://centennialmortgage.com/treasury-rate-update-january-4-2021/) - The year starts with the 10 Year Treasury rates opening at .95% this morning which is within the range of .83% to .98% that the treasury traded in December. It was just announced that EU manufacturing increased at the fastest rate in two and a half years and if the Republicans maintain control of the - [Project Closings](https://centennialmortgage.com/five-new-project-closings/) - Last week, Centennial Mortgage closed five projects on Tuesday, September 22 and Wednesday September 23. The closings for Autumn Park, Orchard Crossing, West Park, Century II & West Park, and South Shiprock wouldn't be possible without our wonderful loan originators. For all of our project closings, please click here. Below are the details for our five most - [Treasury Rate Update - December 28, 2020](https://centennialmortgage.com/treasury-rate-update-december-28-2020/) - With President Trump approving a $900 Billion stimulus package and the Federal Reserve’s continuing commitment to keep rates low, investors optimistically look forward to 2021. The result is a 10 year US treasury rate that continues to fluctuate in a narrow band between .92% and .99%. - [Treasury Rate Update - December 21, 2020](https://centennialmortgage.com/treasury-rate-update-december-21-2020/) - The vaccines have started shipping and a $900 billion dollar stimulus package passed but a new strain of Covid-19 in the UK and the logistics of immunizing 300 million people in the US alone are keeping expectations in check and treasury rates relatively flat. - [Commercial / Multifamily Conveyance and Legal Documentation](https://centennialmortgage.com/commercial-multifamily-conveyance-and-legal-documentation/) - I had the opportunity to review and further enhance my knowledge of what a conveyance is in terms of properly executing in the transfer of ownership of property from one party to another. What I discovered and find truly invaluable is the transfer of ownership in commercial or multi-family real estate is very common in - [Vendor Spotlight - Force 5](https://centennialmortgage.com/vendor-spotlight-force-5/) - Centennial Mortgage, Inc. (CMI) is proud to be an independent, privately owned FHA and USDA Lender. We work closely with other like-minded businesses who thrive in celebrating independence and unique approaches to thoughtful and one-of-a kind marketing. The CMI team is thrilled to have partnered with Force 5, a stellar marketing company that has excelled - [Treasury Rate Update - December 14, 2020](https://centennialmortgage.com/treasury-rate-update-december-14-2020/) - The initial shipments of the Pfizer vaccine in the US is providing a bit of optimism as the death toll from Covid-19 approaches 300,000. In addition, a stimulus package of $900 Billion is being rolled out today although it will need bipartisan support to pass before year end. Finally, the Federal Reserve meets tomorrow and - [Centennial Mortgage Update - Celebrating Tiffany Bernal's Service Anniversary](https://centennialmortgage.com/centennial-mortgage-update-celebrating-tiffany-bernals-service-anniversary/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Tiffany Bernal. Tiffany joined CMI in December 2011 as an underwriter after spending the early part of her FHA career at Davis Penn. She is MAP and 232 approved and has also worked on several cooperative financing transactions with CMI. In - [Treasury Rate Update - December 7, 2020](https://centennialmortgage.com/treasury-rate-update-december-7-2020/) - The optimism in the market from last week has receded. The reality of slower job growth, a breakdown in the Brexit negotiations and possible sanctions on China has caused the 10 year treasury rate to fall to .93% as the stock market stumbles.The Federal Reserve has already called for the continuation of its policies and - [Centennial Mortgage Update – Celebrating Raelee Jones's Service Anniversary](https://centennialmortgage.com/centennial-mortgage-update-celebrating-raelee-joness-service-anniversary/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the first Service Anniversary of Raelee Jones. Raelee started with CMI in December of 2019 as our Chief Underwriter and brought 30 plus years of experience in development and lending to our organization. She has already had a significant impact on the organization having come - [Project Closing - Calvary Tower](https://centennialmortgage.com/project-closing-calvary-tower/) - Calvary Tower is a 30 unit project out of Salt Lake City, UT. The 223(f) amounted to $2,153,400. The loan was closed on 11/23/2020 by Sunny Fitzgerald. - [Project Closing - Capitol House Apartments](https://centennialmortgage.com/project-closing-capitol-house-apartments/) - Capitol House Apartments is a 81 unit project out of Iowa City, IA. The 223(f) amounted to $4,256,000. The loan was closed on 11/19/2020 by Michael McCullough. - [Treasury Rate Update - November 30, 2020](https://centennialmortgage.com/treasury-rate-update-november-30-2020/) - Currently the surge in Covid-19 cases is being offset by an optimism in vaccines that could end the pandemic. The optimism is gaining traction as the worlds equity markets are up a record 13% in November. Despite the growth in the stock markets, the 10 year treasury rate fluctuated in a very narrow band last - [Centennial Mortgage Wishes Everyone a Happy Thanksgiving](https://centennialmortgage.com/centennial-mortgage-wishes-everyone-a-happy-thanksgiving/) - At Centennial Mortgage we are thankful for many things. We have an amazing team of people that work hard every day – both on the job and with their families. May all of you have a safe and Happy Thanksgiving. - [Project Closing - Almond Terrace Apartments](https://centennialmortgage.com/project-closing-almond-terrace-apartments/) - Almond Terrace Apartments is a 46 unit project out of Ceres, CA. The 223(f) amounted to $6,302,400 and was closed on 11/20/2020 by Sunny Fitzgerald. - [Treasury Rate Update - November 23, 2020](https://centennialmortgage.com/treaury-rate-update-november-23-2020/) - The optimism over vaccines continues to influence the markets. The latest tests from AstraZeneca provide a potential third viable vaccine solution. Based on this, equities are marginally higher today. - [Welcome to the Centennial Mortgage Team - Matthew Fisher](https://centennialmortgage.com/welcome-matthew-fisher/) - Centennial Mortgage is pleased to welcome Matthew Fisher to the team as a Deputy Chief Underwriter. - [Welcome to the Centennial Mortgage Team - Sadie Herting](https://centennialmortgage.com/welcome-to-the-centennial-mortgage-team-sadie-herting/) - Centennial Mortgage is pleased to welcome Sadie Herting to the team as a Project Manager. - [Vendor Spotlight](https://centennialmortgage.com/vendor-spotlight-ncsi/) - Centennial Mortgage, Inc. (CMI) is proud to be an independent, privately-owned FHA Lender. Our small team is able to stay focused on our core business and we pride ourselves on the level of customer service we are able to provide. CMI is also pleased to be closely associated with other like-minded businesses that help us remain independent. This month, we are focusing on Network Computer Service, Inc. (NCSi). This company provides CMI with IT services. Please see below for a statement written by NCSi. - [Centennial Mortgage Update - Celebrating Brian Lorenz's Service Anniversary](https://centennialmortgage.com/service-anniversary-for-brian-lorenz/) - The Centennial Mortgage, Inc. (CMI) team is pleased to celebrate the Service Anniversary for Brian Lorenz. Brian Started with CMI in November of 2014 as a junior underwriter. He took a brief hiatus in 2016 to join the seminary before reprising his junior underwriter role with CMI. Brian has worked on a variety of projects - [From the Origination Corner - Meet Terrance Watkins](https://centennialmortgage.com/origination-corner-terrance-watkins/) - Mr. Watkins has over 24 years of experience working in the commercial real estate industry. He is a seasoned affordable housing professional/HUD loan originator with a background underwriting loans with LIHTC, Tax-Exempt Bonds and other public and private loan and grant resources while working with the Illinois Housing Development Authority (IHDA). - [Project Closing - Martin Tower Apartments](https://centennialmortgage.com/project-closing-martin-tower-apartments/) - PROJECT OVERVIEW Martin Tower Apartments is a 86 unit project out of Sioux City, IA. The 223(f) amounted to $5,952,000. The loan was closed on 10/30/2020 by Michael McCullough - [Treasury Rate Update - November 9, 2020](https://centennialmortgage.com/treasury-rate-update-11-9-2020/) - Over the weekend the election was called in favor of President-Elect Joe Biden ending a heated campaign season. Eliminating political uncertainty along with Pfizer having 90% success with a Covid-19 vaccine has buoyed the equity markets worldwide to new highs. With so much upside in stocks, money has flowed out of treasuries causing rates to spike. - [Treasury Rate Update - November 2, 2020](https://centennialmortgage.com/treasury-rate-update-11-2-2020/) - 10 year treasury rates opened this morning at .84%. Although this is down 4 basis points from Friday, it is .20% higher than September. The uncertainty surrounding the election will most likely cause volatility until a winner is confirmed. - [Treasury Rate Update - October 26, 2020](https://centennialmortgage.com/treasury-rate-update-10-26-2020/) - Continued political uncertainty related to a stimulus package before the elections is dragging the stock market lower and treasury yields higher. - [Treasury Rate Update - October 19, 2020](https://centennialmortgage.com/treasury-rate-update-october-19-2020/) - Politics are front and center this week as the Republicans and Democrats discuss further stimulus before the Tuesday, October 20, 2020 deadline imposed by House Speaker Pelosi. The stimulus is broadly believed to be necessary to avert a severe downturn in the economy. The current 10 year treasury is at .77%. - [USDA Multifamily Team Integration](https://centennialmortgage.com/usda-update-multifamily-rural-housing/) - The USDA has announced that “to continue to meet the increasing demand for safe and affordable multifamily rental housing in rural America, Multifamily Housing (MFH) Leadership has reorganized MFH programs into an integrated model with specialized teams.” - [Treasury Rate Update - October 13, 2020](https://centennialmortgage.com/treasury-rate-update-october-13-2020/) - The 10 year US Treasury rate fell on news that Johnson & Johnson have stopped trials of their Covid vaccine due to a patients illness. In addition, a stimulus package looks increasingly unlikely to pass before the election which will drag on the current recovery. - [Treasury Rate Update - September 29, 2020](https://centennialmortgage.com/treasury-rate-update-9-29-2020/) - Investor sentiment is starting out stronger this week despite political uncertainty. - [Treasury Rate Update - September 21, 2020](https://centennialmortgage.com/treasury-rate-update-9-21-2020/) - The 10-year treasury is flat this morning having only a 1 basis point change since last Monday. - [Centennial Mortgage Update - West Coast Wildfires](https://centennialmortgage.com/centennial-mortgage-west-coast-fire-update/) - The recent forest fires on the West Coast have impacted many of the individuals and families of the Centennial Mortgage team. We are fortunate that it has been limited to smoke and no lives have been lost. - [Treasury Rate Update - September 14, 2020](https://centennialmortgage.com/treasury-rate-update-9-14-2020/) - 10 year US Treasury rates are flat at .66% As the market opened on Tuesday after Labor Day at .67%. Fundamentals have not changed and with light economic data coming out this week we do not expect much volatility. - [Centennial Mortgage Update](https://centennialmortgage.com/halt-on-residential-evictions/) - Effective September 4, 2020, due to a health emergency issued by the Centers for Disease Control and Prevention (“CDC”) and the Department of Health and Human Services (“HHS”), the White House announced a temporary eviction moratorium until December 31, 2020. - [HUD Statutes, Regulations and Waivers](https://centennialmortgage.com/hud-statutes-regulations-and-waivers/) - Many folks often wonder why it is difficult to get HUD to make changes to their rules. The answer is simple in some regards and very complex in others. - [Treasury Rate Update - September 8, 2020](https://centennialmortgage.com/treasury-rate-update-9-8-2020/) - The stock market is showing increased volatility since last week. The NASDAQ opened down 3% which is causing money to shift into United States Treasuries. - [Project Closing - Hershey Towers](https://centennialmortgage.com/project-closing-hershey-towers-b/) - Hershey Towers B, 72 units in Pana, Illinois. - [Project Closing - Thomas Square at Grimes](https://centennialmortgage.com/project-closing-thomas-square-grimes/) - Thomas Square at Grimes is a 50 unit development located in Grimes, Iowa. - [Treasury Rate Update - August 31, 2020](https://centennialmortgage.com/treasury-rate-update-august-31/) - The stock market hits a high as optimism wins out over Covid-19 concerns. - [Treasury Rate Update - August 24, 2020](https://centennialmortgage.com/treasury-rate-update-august-24/) - 10-Year Treasury yields had their biggest weekly drop since early June on speculation that the Fed isn’t done with stimulus and that a Covid-19 vaccine could be fast tracked by the Federal Government. - [RAD for PRAC - September 2020](https://centennialmortgage.com/september-2020-rad-for-prac-training/) - Join us for a two-day virtual training on HUD's "RAD for PRAC" Conversion program. Owners and managers of PRACs, as well as those in the industry that work with them, will want to tune in to hear how PRACs can be converted to 20-year Section 8 contracts, and why an owner may want to do this. - [Treasury Rate Update - August 18, 2020](https://centennialmortgage.com/treasury-rate-update-august-18/) - As equites hoover near all-time highs, the 10 year treasury rate recedes to .68% from a high of .73% last week. - [Treasury Rate Update - August 13, 2020](https://centennialmortgage.com/8-13-treasury-rate-update/) - 10 Year Treasury Rates rise on news of initial jobless claims under 1 million for the first time since March while continuing claims dropped from 16.1 to 15.5 million. - [Treasury Rate Update - August 4, 2020](https://centennialmortgage.com/treasury-rate-update-august-4/) - With the uncertainty of Covid-19 and deteriorating relations with China the 10 year treasury continues to limp along in a narrow band. Last week the 10 year treasury traded between .52% and .63% before opening on Monday, August 3, 2020 at .56% - [Treasury Rate Update - July 27, 2020](https://centennialmortgage.com/treasury-rate-update-july-27/) - Corona virus concerns continue to drag on the economy as US cases continue to spike. As a result, gold soars over $2,000 an ounce and the 10 Year Treasury Rate falls to .58%. - [Treasury Rate Update - July 20, 2020](https://centennialmortgage.com/treasury-rate-update-7-20/) - Equity and Treasury trade lower as COVID-19 spikes. - [Treasury Rate Update - July 13, 2020](https://centennialmortgage.com/7-13-treasury-rate-update/) - US 10 year treasuries drop 4 basis points this week as US equity markets open higher despite growing Covid-19 cases and rising tensions between the US and China. - [The Council for Affordable and Rural Housing](https://centennialmortgage.com/carh-overview/) - The United States Department of Agriculture (“USDA”) continues to work to support affordable housing in our rural communities. Centennial Mortgage is a proud member of The Council for Affordable and Rural Housing (“CARH”) and recently attended their first ‘virtual’ conference in late June 2020. - [Inside an FHA Number: Peeling Back the Layers of What the Number Means](https://centennialmortgage.com/inside-an-fha-number/) - What is the meaning of an FHA Number? The first three digits represent the region or location of the project. All field offices (prior to transformation) have a three-digit code. The field office in closest proximity to the project will be how the first three digits are assigned. The next five digits are broken down - [Treasury Rate Update - July 6, 2020](https://centennialmortgage.com/treasury-rate-update-july6/) - Chinese government encourages Chinese investors to put money in the Shanghai Composite to support pandemic economic recovery. Shanghai Composite increases by 5.7% and lifts world equity markets. - [In the Mortgage Industry](https://centennialmortgage.com/racist-terminology-in-mortgage-industry/) - In light of recent national events, we have been provided with an opportunity to reflect on how we deal with race in our daily work as mortgage professionals. One area that can have an immediate impact is to eliminate the use of certain terminology that has racist origins. - [Treasury Rate Update - June 29, 2020](https://centennialmortgage.com/treasury-rate-update-june-29/) - Covid-19 has infected over 10 million people worldwide and deaths have exceeded half a million. - [Treasury Rate Update - June 22, 2020](https://centennialmortgage.com/treasury-rate-update-june-22-2020-2/) - The equity markets continue to strengthen as the economy reopens. This strength in the equity markets is usually followed by an increase in the 10 year Treasury rate but the surge of COVID-19 cases in the Southern States is dampening investor enthusiasm leading to little upward pressure. - [RAD for PRAC](https://centennialmortgage.com/upcoming-rad-for-prac-training/) - Centennial Mortgage is thrilled to be an exclusive sponsor of upcoming RAD for PRAC trainings in January 2020. - [Project Closing - 35 Club Apartments](https://centennialmortgage.com/35-club-apartments-closing/) - 35 Club is an upscale apartment development providing high quality, energy-efficient housing in a central urban location. The LEED Gold property features in-building parking, a wide variety of unit mix floorplans, and a complete amenities package. Contact Joe Spina at jspina@centennialmortgage.com. - [Treasury Rate Update - June 16, 2020](https://centennialmortgage.com/treasury-rate-update-june-16-2020/) - Equity markets and 10 Year Treasury rates decline as COVID-19 cases increase in Beijing, Texas, Florida, Georgia and North and South Carolinas. - [High-Cost Area and Statutory Mortgage Limits](https://centennialmortgage.com/hud-annual-revisions/) - On June 4, 2020, HUD issued its annual update to Statutory Mortgage Limits effective as of January 1, 2020, via notice in the Federal Register. And, on June 5, 2020, HUD issued a Mortgagee Letter updating its Annual Base City High-Cost Percentages and Hight Cost Areas also effective January 1, 2020. These updates are especially - [RAD for PRAC - POSTPONED](https://centennialmortgage.com/rad-for-prac-training/) - After the success of the previous training, The Gates Dunaway Group, Recap Advisors, and Centennial Mortgage are thrilled to be offering another RAD for PRAC training in the Pacific Northwest. The trainings are focused on HUD’s new RAD for PRAC conversion program, which is described in Revision 4 to the RAD Notice. This important program - [Centennial Mortgage - New Website](https://centennialmortgage.com/centennials-new-site/) - We provide complete process piping capabilities for industrial from pulp and paper. - [RAD for PRAC - June 2020](https://centennialmortgage.com/rad-for-prac-june-webinar/) - Planning for a Rent Increase and Possible Conversion In anticipation of the rescheduled in-person 2-day RAD for PRAC training in Everett, WA in September, Recap Advisors, The Gates Dunaway Group, and Centennial Mortgage are hosting a 90-minute mini-webinar for PRAC owners and managers. We will focus on immediate steps that should be considered when working - [Treasury Rate Update - June 8, 2020](https://centennialmortgage.com/treasury-rate-update-june-8-2020/) - Investors are responding positively to the economic rebound following the loosening of COVID-19 restrictions which is resulting in a surge in equities. With this surge of money flowing into equities from a safe investment such as U.S. Treasuries, the 10 Year Treasury Rates have increased. Since June 1st the 10 Year Treasury rate has increased - [An Update - COVID-19](https://centennialmortgage.com/update-covid19/) - Centennial Mortgage Underwriters and Originators are disappointed that so many of the Regional Lender Conferences have had to cancel their in-person meetings during 2020 for reasons related to Covid-19. We were all looking forward to connecting with HUD, vendors and our industry counterparts at these conferences. Replacing the in-person meetings with virtual options will be - [Treasury Rate Update - June 2020](https://centennialmortgage.com/treasury-rate-june1/) - Civil unrest is hampering the reopening of cities causing further damage to the economy and resulting in a lower 10-year treasury rate. - [Interest Rates](https://centennialmortgage.com/interest-rates-fall/) - Interest rates fluctuate daily but generally move in tandem with the 10 Year United States Treasury rate. However, in times of great economic or political uncertainty, the HUD and USDA mortgage rates can move higher, even as Treasury Rate drops. This happened in March and into April when the volatility of the financial markets due - [RAD for PRAC - Pacific Northwest](https://centennialmortgage.com/october-rad-for-prac-training/) - The Gates Dunaway Group, Recap Advisors and Centennial Mortgage are offering another RAD for PRAC training in the Pacific Northwest. The training is focused on HUD’s RAD for PRAC Conversion program as outlined in Revision 4 to the RAD Notice. This training will give you all the information you need to plan for the conversion - [Employee News](https://centennialmortgage.com/moving-up/) - At Centennial Mortgage, we always provide high-touch customer service. This can only be best achieved with our talented and experienced team. This commitment is again proven with Sheryldene Rodgers and Brian Lorenz in our underwriting team being recognized earlier this year as APPROVED MAP UNDERWRITERS for Centennial Mortgage! Their hard work makes us all very ## Pages - [Homepage](https://centennialmortgage.com/) - Privately held, Centennial Mortgage is an FHA lender poised to expertly steer multi-family and healthcare owners/developers through HUD and USDA requirements. - [Contact Us](https://centennialmortgage.com/contact-us/) - Our Address 218 W. Washington Street, Suite 900, South Bend, IN 46601 Phone Number (574) 233-6773 – Main Office Email Address info@centennialmortgage.com LET'S CONNECT Centennial Mortgage is a privately held, specialized lender serving multifamily and healthcare owners and developers nationwide. We deliver end to end HUD and USDA financing with a high touch, relationship driven - [HUD Programs](https://centennialmortgage.com/hud-programs/) - #HUDPrograms - [USDA Programs](https://centennialmortgage.com/usda-programs/) - HUD ProgramsUSDA Programs Multifamily HousingNew Construction or Substantial Rehabilitation (USDA RHS 538) Substantial Rehabilitation of Existing USDA 515 Multifamily – USDA RHS 538/515 New Construction or Substantial Rehabilitation (USDA RHS 538) Features: This is a non-recourse loan. Security: Assets of the borrowing entity. Long loan term up to 40 years Low fixed interest rate, fully - [Servicing](https://centennialmortgage.com/servicing/) - Please use the link to access the LoanStat program loan stat login meet our servicing team Frequently Asked Questions What is an ACH and how do I sign-up? Automated Clearing House (ACH) is the desired loan payment alternative as it is the method of automatically making your monthly payment. It saves you time and money - [Centennial Blogs](https://centennialmortgage.com/centennial-blogs/) - Categories 221(d)(4), Centennial Mortgage, Closings, CMI Team, Elderly Housing, Project Based Rental Assistance, RAD for PRAC Posted on October 30, 2025 October 30, 2025 Closing: Cedar Portfolio $27.4 million in updates set for Cedar Portfolio thanks to Team The Mission Mavens of Centennial Categories 223(f), Closings, CMI Team, Section 8 Posted on March 27, 2025 - [Privacy Policy](https://centennialmortgage.com/privacy-policy/) - Welcome to https://centennialmortgage.com (the “Site”). We understand that privacy online is important to users of our Site, especially when conducting business. This statement governs our privacy policies with respect to those users of the Site (“Visitors”) who visit without transacting business and Visitors who register to transact business on the Site and make use of - [Privacy](https://centennialmortgage.com/privacy/) - Welcome to https://centennialmortgage.com (the “Site”). We understand that privacy online is important to users of our Site, especially when conducting business. This statement governs our privacy policies with respect to those users of the Site (“Visitors”) who visit without transacting business and Visitors who register to transact business on the Site and make use of - [Terms of Use](https://centennialmortgage.com/terms-of-use/) - These Terms govern your access to, usage of all content, Product and Services available at https://centennialmortgage.com website (the “Service”) operated by Centennial Mortgage, Inc. (“us”, “we”, or “our”). Your access to our services is subject to your acceptance, without modification, of all of the terms and conditions contained herein and all other operating rules and - [Projects](https://centennialmortgage.com/projects/) - All Project Based Rental AssistanceRAD for PRACSenior HousingSubstantial RehabilitationSection 8RefinanceNew ConstructionUSDAHealthcareTax Credit Cedar Portfolio Project Based Rental Assistance, RAD for PRAC, Senior Housing, Substantial Rehabilitation Village Green Apartments Section 8, Senior Housing, Substantial Rehabilitation Carroll Court Apartments Refinance, Section 8, Senior Housing Franklin Terrace Refinance, Section 8, Senior Housing Sunrise Manor Apartments Refinance, Section 8, - [About](https://centennialmortgage.com/about/) - OUR MISSION Creating Lasting Partnerships is our Highest Priority 01 Specialize in HUD & USDA Financing 02 High-Touch Customer Service Aimed at Continuity 03 Strategic Decision-Making 04 Integrated, Experienced Team Centennial Mortgage is a privately held results-driven lender providing proactive, end-to-end solutions exclusively for multi-family and healthcare owners/developers seeking HUD and USDA financing. Our approach - [Our Team](https://centennialmortgage.com/team/) - a LOAN ORIGINATION a President Matthew Kane Senior Vice President, Manager of Loan Production Joseph Spina, Jr. Vice President, Affordable Origination Sunny Fitzgerald Vice President, Originator Mark Tran Vice President, Origination Terrance D. Watkins Vice President, Origination Drew Robison Vice President, Origination Madeleine Roach Vice President, Origination Kevin Roach Vice President, Origination Hugh Jeffers Vice - [Careers](https://centennialmortgage.com/careers/) - Check back in with us for new openings, or introduce yourself! Resumes may be sent to admin@centennialmortgage.com - [Office Locations](https://centennialmortgage.com/office-locations/) - Centennial Mortgage has origination, underwriting and servicing offices located across the country to serve its clients multifamily, healthcare and senior housing needs in all 50 states. CALIFORNIA Newport Beach Yorba Linda COLORADO Denver IDAHO Boise INDIANA South Bend ILLINOIS Chicago MARYLAND Baltimore MICHIGAN Detroit MISSOURI Kansas City NEW YORK Albany OHIO Columbus OREGON Portland TENNESSEE - [Blog Left Image View](https://centennialmortgage.com/blog-left-image-view/) - Categories 221(d)(4), Centennial Mortgage, Closings, CMI Team, Elderly Housing, Project Based Rental Assistance, RAD for PRAC Posted on October 30, 2025 October 30, 2025 Closing: Cedar Portfolio $27.4 million in updates set for Cedar Portfolio thanks to Team The Mission Mavens of Centennial Categories 223(f), Closings, CMI Team, Section 8 Posted on March 27, 2025 - [Login](https://centennialmortgage.com/login/) - Login Form Login ID : Password : - [Our Services](https://centennialmortgage.com/our-services/) - WHAT WE OFFER We are integrated engineering company composed exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequaturUt enim ad minima veniam, quis nostrum exercitationem ullam. corporis suscipit laboriosam, nisi ut aliquid View Details Power And Energy View Details Material Engineering View Details Oil And Lubricant View Details Mechanical Engineering View Details ## Portfolio - [Cedar Portfolio](https://centennialmortgage.com/portfolio/cedar-portfolio/) - Recently closed Cedar Portfolio | Vancouver, WA | $27,400,600 | Affordable Elderly Housing | Substantial Rehab | 223(f) | FHA | RAD for PRAC - [Franklin Terrace](https://centennialmortgage.com/portfolio/franklin-terrace/) - Recently closed Franklin Terrace | Strasburg, OH | $5,809,300 | Affordable Senior Housing | Section 8 | 223(f) - [Village Green Apartments](https://centennialmortgage.com/portfolio/village-green/) - Recently closed Village Green | Rockingham, NC | $2,864,600 | Affordable Housing | Section 8 | 223f - [Carroll Court Apartments](https://centennialmortgage.com/portfolio/carroll-court-apartments/) - Recently closed Carroll Court Apartments | Carrollton, OH | $3,695,800 | Affordable Senior Housing | Section 8 | 223(f) - [Sunrise Manor Apartments](https://centennialmortgage.com/portfolio/sunrise-manor-apartments/) - Recently closed Sunrise Manor Apartments | Buena Vista, CO | $4,023,800 | Affordable Elderly Housing | Section 8 | 223(f) | Mark Up To Market - [Liberty Manor](https://centennialmortgage.com/portfolio/liberty-manor/) - Recently closed Liberty Manor Apartments | Waterloo, IA | $4,296,000 | Affordable Senior Housing | Section 8 | Refinance | 223f - [Canon Club Apartments](https://centennialmortgage.com/portfolio/canon-club/) - Recently closed Canon Club Apartments | Canon City, CO | $4,637,900 | Affordable Elderly Housing | Section 8 | 223(f) | Mark Up To Market - [Wisteria View Manor](https://centennialmortgage.com/portfolio/wisteria-view-manor/) - Recently closed Wisteria View Manor | Seattle, WA | $12,000,700 | Affordable Elderly Housing | Substantial Rehab | 223(f) - [Emma McRedmond Manor](https://centennialmortgage.com/portfolio/emma-mcredmond-manor/) - Recently closed Emma McRedmond Manor | Redmond, WA | $6,700,000 | Affordable Elderly Housing | Catholic Housing Managment | Substantial Rehab | 221d4 - [Clifton Townhomes](https://centennialmortgage.com/portfolio/clifton-townhomes/) - Recently closed Clifton Townhomes | Clifton, CO | $7,485,900 | Affordable Housing | Section 8 | Refinance | 223f - [Munro House](https://centennialmortgage.com/portfolio/munro_house/) - Recently closed Munro House | Erlanger, KY | $2,522,700 | Affordable Elderly Housing | Section 8 | 223f | - [Liberty Park Expansion](https://centennialmortgage.com/portfolio/liberty-park-expansion/) - Recently closed Liberty Park Expansion | Spokane, WA | $6,375,100 | Affordable Housing | Proclaim Liberty | New Construction | 221d4 - [Archbishop Carroll Manor](https://centennialmortgage.com/portfolio/archbishop_carroll_manor/) - Recently closed Archbishop Carroll Manor | Miami, FL | $37,015,500 | Affordable Elderly Housing | Catholic Housing Managment | Substantial Rehab | 223f - [White Valley Apartments](https://centennialmortgage.com/portfolio/white-valley/) - Recently closed White Valley Apartments | Delmont, PA | $1,238,900 | Affordable Housing | USDA | Rural Housing - [Stella Maris House](https://centennialmortgage.com/portfolio/stella_maris_house/) - Recently closed Stella Maris | Miami Beach, FL | $14,530,800 | Affordable Senior Housing | Catholic Housing Services | Senior Housing - [Garten Haus Apartments](https://centennialmortgage.com/portfolio/garten-haus-apartments/) - 221(d)(4) $4,535,000 - [Elbert House](https://centennialmortgage.com/portfolio/elbert-house/) - Recently closed Elbert House | Bellevue, WA | $10,200,000 | Affordable Senior Housing | Catholic Housing Services | Senior Housing - [Palmer House](https://centennialmortgage.com/portfolio/palmer-house/) - 223(f) $16,285,700 - [Hinton House](https://centennialmortgage.com/portfolio/hinton-house/) - 223(f) $5,440,000. - [Antioch Rivertown](https://centennialmortgage.com/portfolio/antioch/) - 223(f) Refinance - RAD for PRAC $7,007,200 - [Canterbury Court](https://centennialmortgage.com/portfolio/canterbury-court/) - 223(f) $8,079,400 - [Disciples Terrace](https://centennialmortgage.com/portfolio/disciples-terrace/) - 223(f) Refinance - RAD for PRAC $2,250,000 - [Grandwood Assisted Living](https://centennialmortgage.com/portfolio/grandwood-assisted-living/) - 232/223(f) $11,690,000 - [Brownsville RAD](https://centennialmortgage.com/portfolio/brownsville-rad/) - 223(f) $4,480,000 - [The Oaks & The Meadows](https://centennialmortgage.com/portfolio/the-oaks_the-meadows/) - 223(f) $5,740,600 - [Emerson Manor](https://centennialmortgage.com/portfolio/emerson-manor/) - 221(d)(4) Sub Rehab $5,272,500 - [Greenridge Apartments & Cathedral Square I & II](https://centennialmortgage.com/portfolio/greenridge-apartments-cathedral-square-i-ii/) - 223(f) $5,600,000 - [Shire I & II Apartments](https://centennialmortgage.com/portfolio/shire-i-ii/) - 223(f) $4,050,000 - [Livingston/Oakley](https://centennialmortgage.com/portfolio/livingston-affordable-housing-housing-authority-tennessee/) - 223(f) $1,347,300 - [Noble Towers Apartments](https://centennialmortgage.com/portfolio/noble-towers-apartments-2/) - 223(a)7 $6,200,000. - [Fairmont Arbors](https://centennialmortgage.com/portfolio/fairmont-arbors/) - 223(f) $8,096,000 - [Morgnec Village](https://centennialmortgage.com/portfolio/morgnec-village/) - 223(f) $ 1,665,500 - [Recent Closings- Oregon](https://centennialmortgage.com/portfolio/oatfield-estates-fanno-creek/) - 232/223 (a)7 $11,125,800 - [Bristol Park Apartments](https://centennialmortgage.com/portfolio/bristol-park-apartments/) - 223(f) $19,280,000. - [Songbird Pond Assisted Living](https://centennialmortgage.com/portfolio/songbird-pond-assisted-living/) - IRR $4,953,935 - [Highland Village Apartments](https://centennialmortgage.com/portfolio/highland-village-apartments/) - 223(a)7 $4,838,600 - [The Cascade at Falls Park](https://centennialmortgage.com/portfolio/the-cascade-at-falls-park/) - 223(f) $38,020,500 - [Goldberg B'nai B'Rith Towers](https://centennialmortgage.com/portfolio/goldberg-bnai-brith-towers/) - 223(a)7 $9,064,200 - [Buckhannon Manor](https://centennialmortgage.com/portfolio/buckhannon-manor/) - 223(f) $7,880,000 - [Cherokee Bluff & Timber Ridge](https://centennialmortgage.com/portfolio/cherokee-bluff-timber-ridge/) - 223(f) RAD 1 Conversion $3,440,000 - [Fairview Terrace, Valley View Village, Crest View Homes](https://centennialmortgage.com/portfolio/fairview-terrace-valley-view-village-crest-view-homes/) - 223(f) RAD 1 Conversion $1,958,000 - [Englewood East](https://centennialmortgage.com/portfolio/englewood-east/) - 223(f) $5,208,000 - [Villages of Capital Pointe](https://centennialmortgage.com/portfolio/villages-of-capital-pointe/) - 223(f) $6,408,000 - [Pasadena Interfaith Manor](https://centennialmortgage.com/portfolio/pasadena-interfaith-manor/) - 223(a)(7) $6,083,000 - [Autumn Park-Chariton](https://centennialmortgage.com/portfolio/autumn-park-chariton/) - 223(f) $1,900,000 - [Baker Heights](https://centennialmortgage.com/portfolio/baker-heights/) - 221(d)(4) – New Construction 4% LIHTC + Tax Exempt Bonds $18,437,000 - [North Liberty Living Center](https://centennialmortgage.com/portfolio/north-liberty-living-center/) - 223(f) $2,009,500 - [Winchester Court I and II](https://centennialmortgage.com/portfolio/winchester-court-i-and-ii/) - 223(f) (Elderly) $4,880,000 - [Boulder Pointe Townhomes](https://centennialmortgage.com/portfolio/boulder-point-townhomes/) - 223(f) $4,250,000 - [Bancroft Place](https://centennialmortgage.com/portfolio/bancroft-place/) - 223(f) $3,455,000 - [Alice Place Waukee](https://centennialmortgage.com/portfolio/alice-place-waukee/) - 223(f) $2,666,000 - [Nikkei Senior Gardens](https://centennialmortgage.com/portfolio/nikkei-senior-gardens/) - 232-223(a)(7) $13,992,900 - [Autumn Park - Washington](https://centennialmortgage.com/portfolio/autumn-park-washington/) - 223(f) $1,880,000 - [Perry Villa Apartments](https://centennialmortgage.com/portfolio/perry-villa-apartments/) - Section 202 Elderly 221(d)(4) SR $1,790,000 - [Western Heights Apartments](https://centennialmortgage.com/portfolio/western-heights-apartments/) - 223(f) $4,480,000 - [Our Lady of Guadalupe](https://centennialmortgage.com/portfolio/our-lady-of-guadalupe/) - 223(a)(7) $5,877,300 - [Calvary Tower](https://centennialmortgage.com/portfolio/calvary-tower-november-23-closing/) - 223(f) $2,153,400 - [Capitol House Apartments](https://centennialmortgage.com/portfolio/capitol-house-apartments/) - 223(f) $4,256,000 - [Almond Terrace Apartments](https://centennialmortgage.com/portfolio/almond-terrace-apartments-closing/) - 223(f) $6,302,400 - [Martin Tower Apartments](https://centennialmortgage.com/portfolio/martin-tower-apartments/) - 223(f) $5,952,000 - [South Shiprock Apartments](https://centennialmortgage.com/portfolio/south-shiprock-apartments/) - 223(a)(7) $7,000,000 - [West Park Apartments](https://centennialmortgage.com/portfolio/west-park-apartments/) - 223(a)(7) $3,685,000 - [Century II and West Park Apartments](https://centennialmortgage.com/portfolio/century-ii-and-west-park-apartments/) - 223(a)(7) $3,665,200 - [Orchard Crossing](https://centennialmortgage.com/portfolio/orchard-crossing-2/) - 223(a)(7) $20,875,500 - [Autumn Park Apartments](https://centennialmortgage.com/portfolio/autumn-park-apartments/) - 223(f) $3,232,000 - [Hershey Towers B](https://centennialmortgage.com/portfolio/hershey-towers-b/) - 221(d)(4)/IRR $1,465,421 - [Thomas Square at Grimes](https://centennialmortgage.com/portfolio/thomas-square-at-grimes/) - 223(f)/IRR $2,003,891 - [Tradewinds Apartments](https://centennialmortgage.com/portfolio/tradewinds-apartments/) - 223(f) $27,360,000 - [Liberty Park Apartments](https://centennialmortgage.com/portfolio/liberty-park-apartments-2/) - 223(f) $4,410,000 - [The Moderne](https://centennialmortgage.com/portfolio/the-moderne/) - 223(a)(7) $42,357,800 - [Logansport Senior Citizens Village](https://centennialmortgage.com/portfolio/logansport-senior-citizens-village/) - 223(f) $2,640,000 - [Pickaway Terrace](https://centennialmortgage.com/portfolio/pickaway-terrace/) - 223(f) $2,632,500 - [Cathedral Plaza](https://centennialmortgage.com/portfolio/cathedral-plaza/) - 223(f) $8,250,000 - [Normal Hill](https://centennialmortgage.com/portfolio/evergreen-arbors/) - 223(f) $ 882,700 - [St. James Place](https://centennialmortgage.com/portfolio/st-james-place/) - 223(f) $ 2,908,000 - [Emerald Creek](https://centennialmortgage.com/portfolio/emerald-creek/) - 223(f) $ 7,576,000 - [Dryden Terrace](https://centennialmortgage.com/portfolio/dryden-terrace/) - 223(f) $ 5,104,000 - [Noble Towers](https://centennialmortgage.com/portfolio/noble-towers/) - 223(f) $ 6,200,000 - [Paradise at Georgia Avenue](https://centennialmortgage.com/portfolio/paradise-at-georgia-avenue/) - 232 NC $ 12,735,000 - [St. James Cooperative](https://centennialmortgage.com/portfolio/st-james-cooperative/) - 223(f) $ 1,080,200 - [35 Club Apartments](https://centennialmortgage.com/portfolio/club-35/) - 221(d)(4) $ 28,032,100 - [Orchard Crossing](https://centennialmortgage.com/portfolio/orchard-crossing/) - 221(d)(4) $ 20,875,500 - [Tahoma Vista Village](https://centennialmortgage.com/portfolio/tahoma-vista-village/) - 221(d)(4) $ 10,975,000 - [Sugar Mill - Phase II](https://centennialmortgage.com/portfolio/sugar-mill/) - 221(d)(4) $ 8,723,095 - [35 Club Apartments](https://centennialmortgage.com/portfolio/35-club-apartments/) - HUD 221(d)(4) $26,548,100 - [Luther Senior Center](https://centennialmortgage.com/portfolio/luther-senior-center/) - 223(f) $ 3,392,000 - [Liberty Park Apartments](https://centennialmortgage.com/portfolio/liberty-park-apartments/) - 223(f) $3,110,200 - [Nez Perce Apartments](https://centennialmortgage.com/portfolio/nez-perce-apartments/) - 223(f) $ 1,284,000 - [Shoreline Plaza Apartments](https://centennialmortgage.com/portfolio/shoreline-plaza-apartments/) - 223(f) $3,352,000 - [Shoreline Plaza North](https://centennialmortgage.com/portfolio/shoreline-plaza-north/) - 223(f) $ 3,565,600 - [Vine Terrace Apartments](https://centennialmortgage.com/portfolio/vine-terrace-apartments/) - 223(f) $ 2,159,000 - [Hidden Oaks Apartments](https://centennialmortgage.com/portfolio/hidden-oaks-apartments/) - 223(a)(7) $ 7,551,300 - [PE Lofts](https://centennialmortgage.com/portfolio/pe-lofts/) - 223(a)(7) $ 47,687,600 - [Cumberland Ridge Apartments](https://centennialmortgage.com/portfolio/cumberland-ridge-apartments/) - 223(a)(7) $ 16,407,300 - [Highland Oaks Apartments](https://centennialmortgage.com/portfolio/highland-oaks-apartments/) - USDA 538 $ 3,200,000 - [Manor House at Waterford](https://centennialmortgage.com/portfolio/manor-house-at-waterford/) - 232/223(a)(7) $ 7,185,800 - [La Serena Apartments](https://centennialmortgage.com/portfolio/la-serena-apartments/) - 223(a)(7) $ 52,000,000 - [Parc at Rogers](https://centennialmortgage.com/portfolio/parc-at-rogers/) - 223(f) $ 20,960,000 - [Hershey Towers](https://centennialmortgage.com/portfolio/hershey-towers/) - 221(d)(4) $ 1,480,700 - [Rose Park Apartments](https://centennialmortgage.com/portfolio/rose-park-apartments/) - 223(f) $ 2,079,200 - [Cedar View](https://centennialmortgage.com/portfolio/cedar-view/) ## Services - [Power And Energy](https://centennialmortgage.com/service/power-and-energy/) - You get speed, flexibility and better control to produce vehicles faster with greater precision. - [Material Engineering](https://centennialmortgage.com/service/material-engineering/) - You get speed, flexibility and better control to produce vehicles faster with greater precision. - [Oil And Lubricant](https://centennialmortgage.com/service/oil-and-lubricant/) - You get speed, flexibility and better control to produce vehicles faster with greater precision. - [Mechanical Engineering](https://centennialmortgage.com/service/mechanical-engineering/) - POWER AND ENERGY Must explain to you how all this mistaken idea of denouncing works pleasure and praising uts pain was born and I will gives you a itself completed account of the system, and sed expounds the ut actual teachings of that greater sed explores truth. Denouncing works pleasures and praising pains was us - [Chemical Research](https://centennialmortgage.com/service/chemical-research/) - POWER AND ENERGY Must explain to you how all this mistaken idea of denouncing works pleasure and praising uts pain was born and I will gives you a itself completed account of the system, and sed expounds the ut actual teachings of that greater sed explores truth. Denouncing works pleasures and praising pains was us - [Agricultural Processing](https://centennialmortgage.com/service/agricultural-processing/) - POWER AND ENERGY Must explain to you how all this mistaken idea of denouncing works pleasure and praising uts pain was born and I will gives you a itself completed account of the system, and sed expounds the ut actual teachings of that greater sed explores truth. Denouncing works pleasures and praising pains was us ## Team - [Madeleine Roach](https://centennialmortgage.com/team/madeleine-roach-2/) - Madeleine has originated and closed approximately $700 million in loans, specializing in multifamily, senior housing, and skilled nursing facilities nationwide. - [Danielle McCausland](https://centennialmortgage.com/team/danielle-mccausland-office-manager-team-member-support-executive-support/) - [Terrance D. Watkins](https://centennialmortgage.com/team/terrance-d-watkins-2/) - [Sunny Fitzgerald](https://centennialmortgage.com/team/sunny-fitzgerald-2/) - [Joseph Spina, Jr.](https://centennialmortgage.com/team/joseph-spina-jr-2/) - [Michael McCullough](https://centennialmortgage.com/team/michael-mccullough/) - [Drew Robison](https://centennialmortgage.com/team/drew-robison/) - An industry expert, bringing over 24 years of experience in the FHA lending industry. - [Bryan Shelby](https://centennialmortgage.com/team/bryan-shelby/) - Bryan, based in Atlanta, GA, is an experienced real estate professional with a strong background in underwriting analysis and multifamily lending. Prior to joining Centennial, he served as an Underwriting Analyst, where he supported senior underwriters by analyzing property performance, preparing loan committee packages, and managing transaction details. With over a decade of experience in FHA loan processing and underwriting, Bryan has demonstrated expertise in evaluating financial statements, reviewing legal documents, and collaborating with cross-functional teams to ensure compliance and accuracy. He holds an MBA from Brenau University and has completed specialized training in FHA Multifamily Underwriting through the Mortgage Bankers Association. Bryan is passionate about delivering analytical insights and fostering strategic growth within the real estate finance industry. Outside of work, Bryan enjoys playing golf and spending time with family and friends. - [Lexy Hall](https://centennialmortgage.com/team/lexy-hall/) - Lexy, based in Frederick, MD, is a dedicated Project Manager at Centennial, directly supporting the Deputy Chief Underwriter. With extensive experience in processing loans for Fannie Mae, Freddie Mac, and Amazon, Lexy has a strong background in new construction, refinance, acquisitions, and large portfolios. Known for exceptional customer service and a collaborative approach, Lexy is committed to easing the financing process with a curious mindset and a zest for knowledge as it pertains to the FHA and HUD. Outside of work, Lexy is successfully raising two ambitious boys, enjoys working in her garden, and exploring new hiking trails. - [Nikkole Caudill](https://centennialmortgage.com/team/nikkole-caudill/) - [Teresa Kovach](https://centennialmortgage.com/team/teresa-kovach/) - [James Imes, CPA](https://centennialmortgage.com/team/james-imes-cpa/) - [Ceheira Johnson](https://centennialmortgage.com/team/ceheira-johnson/) - Ceheira’s career in commercial real estate began in property management, first as an Assistant Property Manager at a multifamily apartment complex and then as a Property Administrator over a portfolio of office buildings. Ceheira then transitioned to loan processing, where she worked on Fannie Mae and Freddie Mac transactions. As a Project Manager at Centennial, Ceheira helps ensure the efficient processing of FHA-insured loans and provides on-going support for our underwriters. - [Chad Nykiel](https://centennialmortgage.com/team/chad-nykiel/) - [Connor Danigelis](https://centennialmortgage.com/team/connor-danigelis/) - [Bill Arnold](https://centennialmortgage.com/team/bill-arnold/) - [Debbie Gray](https://centennialmortgage.com/team/debbie-gray/) - [Al Ruszkowski](https://centennialmortgage.com/team/al-ruszkowski/) - [Phyllis Trento](https://centennialmortgage.com/team/phyllis-trento/) - [Terry Chuvala](https://centennialmortgage.com/team/terry-chuvala/) - [Cindy Ross](https://centennialmortgage.com/team/cindy-ross/) - [Rebecca DelBrocco](https://centennialmortgage.com/team/rebecca-delbrocco/) - Rebecca DelBrocco is a Project Manager responsible for project oversight of multifamily transactions from origination to closing. Rebecca DelBrocco is a Project Manager responsible for project oversight of multifamily transactions from origination to closing. - [Hugh Jeffers](https://centennialmortgage.com/team/hugh-jeffers/) - [Kevin Roach](https://centennialmortgage.com/team/kevin-roach/) - [Mark Tran](https://centennialmortgage.com/team/mark-tran/) - [Jennifer Heckaman](https://centennialmortgage.com/team/jennifer-heckaman/) - [Raelee Jones](https://centennialmortgage.com/team/raelee-jones/) - Raelee is the Chief Underwriter for Centennial Mortgage, Inc. - [Matthew Kane](https://centennialmortgage.com/team/matthew-kane/) - Matt Kane is President and owner of Centennial Mortgage, Inc. ## Testimonials - [Victoria Porter](https://centennialmortgage.com/testimonial/john-doe/) - Sed eu pretium felis. Nullam faucibus eu turpis quis faucibus. Mauris fringilla, massa venenatis dignissim commodo, magna mauris dignissim enim, in volutpat augue lectus non purus. Class aptent taciti sociosqu - [Maria Flynn](https://centennialmortgage.com/testimonial/micheal-newman/) - Sed eu pretium felis. Nullam faucibus eu turpis quis faucibus. Mauris fringilla, massa venenatis dignissim commodo, magna mauris dignissim enim, in volutpat augue lectus non purus. Class aptent taciti sociosqu - [Gina Kennedy](https://centennialmortgage.com/testimonial/jinnifer-bush/) - Sed eu pretium felis. Nullam faucibus eu turpis quis faucibus. Mauris fringilla, massa venenatis dignissim commodo, magna mauris dignissim enim, in volutpat augue lectus non purus. Class aptent taciti sociosqu ## Categories - [Uncategorized](https://centennialmortgage.com/category/uncategorized/) - [Section 8](https://centennialmortgage.com/category/section-8/) - [Healthcare](https://centennialmortgage.com/category/healthcare/) - [223(f)](https://centennialmortgage.com/category/223f/) - [221(d)(4)](https://centennialmortgage.com/category/221d4/) - [223(a)(7)](https://centennialmortgage.com/category/223a7/) - [Tax Credit](https://centennialmortgage.com/category/tax-credit/) - [USDA](https://centennialmortgage.com/category/usda/) - [HUD Regulations](https://centennialmortgage.com/category/hud-regulations/) - [Centennial Mortgage](https://centennialmortgage.com/category/centennial-mortgage/) - [Interest Rates](https://centennialmortgage.com/category/interest-rates/) - [Closings](https://centennialmortgage.com/category/closings/) - [CMI Team](https://centennialmortgage.com/category/cmi-team/) - [Elderly Housing](https://centennialmortgage.com/category/elderly-housing/) - [Industry Event](https://centennialmortgage.com/category/industry-event/) - [Project Based Rental Assistance](https://centennialmortgage.com/category/project-based-rental-assistance/) - [RAD for PRAC](https://centennialmortgage.com/category/rad-for-prac/) ## Tags - [Updates](https://centennialmortgage.com/tag/updates/) - [News](https://centennialmortgage.com/tag/news/) - [HUD](https://centennialmortgage.com/tag/hud/) - [Industry Event](https://centennialmortgage.com/tag/industry-event/) - [Affordable Housing](https://centennialmortgage.com/tag/affordable-housing/) - [Senior Housing](https://centennialmortgage.com/tag/senior-housing/) - [Housing Authority](https://centennialmortgage.com/tag/housing-authority/) - [Section 8](https://centennialmortgage.com/tag/section-8/) - [Capital Improvements](https://centennialmortgage.com/tag/capital-improvements/) - [Multifamily Housing](https://centennialmortgage.com/tag/multifamily-housing/) - [HUD Financing](https://centennialmortgage.com/tag/hud-financing/) - [Seattle](https://centennialmortgage.com/tag/seattle/) - [WA](https://centennialmortgage.com/tag/wa/) ## Portfolio Categories - [Senior Housing](https://centennialmortgage.com/portfolio-category/senior-housing/) - [Refinance](https://centennialmortgage.com/portfolio-category/refinance/) - [New Construction](https://centennialmortgage.com/portfolio-category/new-construction/) - [Substantial Rehabilitation](https://centennialmortgage.com/portfolio-category/substantial-rehabilitation/) - [Section 8](https://centennialmortgage.com/portfolio-category/section-8/) - [Tax Credit](https://centennialmortgage.com/portfolio-category/tax-credit/) - [Healthcare](https://centennialmortgage.com/portfolio-category/healthcare/) - [USDA](https://centennialmortgage.com/portfolio-category/usda/) - [Project Based Rental Assistance](https://centennialmortgage.com/portfolio-category/project-based-rental-assistance/) - [RAD for PRAC](https://centennialmortgage.com/portfolio-category/rad-for-prac/) ## Service Categories - [Agricultural](https://centennialmortgage.com/service-category/agricultural/) - [Energy](https://centennialmortgage.com/service-category/energy/) - [Engineering](https://centennialmortgage.com/service-category/mechanical-engineering/) - [Research](https://centennialmortgage.com/service-category/research/) ## Team Group - [Loan Origination](https://centennialmortgage.com/team-group/loan-origination/) - [Underwriting](https://centennialmortgage.com/team-group/underwriting/) - [Operations](https://centennialmortgage.com/team-group/operations/) - [Closing & Servicing](https://centennialmortgage.com/team-group/closing-servicing/) ## Testimonial Group - [Company](https://centennialmortgage.com/ts-testimonial-group/company/) - [General](https://centennialmortgage.com/ts-testimonial-group/general/) - [Others](https://centennialmortgage.com/ts-testimonial-group/others/) ## Client Group - [General](https://centennialmortgage.com/ts-client-group/general/)