• In 2018, Centennial refinanced the property for $6,200,000 under the 223(f) program.
  • Noble Towers is a 9 story, 133-unit Senior apartment complex. The property serves to low income tenants, with a section 8 contract covering 132 units.
  • The purpose of the loan was to pay off its existing debt, provide capital for the needed repairs $544,400 (4090/unit), and provide proceeds to the borrower.
  • Concurrently with the loan, the project was also able to obtain a 20-year HAP renewal that will allow the project to continue serving low income tenants in the Pittsburg area.
  • Project Name Noble Towers
  • Project Location Pittsburgh, PA
  • Loan Amount $6,200,000
  • Originator Mike McCullough
  • Year Built 1979
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