Brooklyn, N.Y. – Century Capital made news in 2013 with a fine example of bridge lending that halted the displacement of 12 local families and a popular delicatessen. The New Jersey-based, hard-lending agency made a $2,040,000 commercial real-estate loan to the owners of two properties at Hoyt and 80thstreets in the heart of Brooklyn. The properties faced foreclosure after the landlord had fallen into default with Emigrant Bank. The building owner struggled to meet the requirements of conventional lending, with the 24 percent default rates going beyond his reach. He approached Century Capital for private financing. The partnership was an honor to both parties, and a saving grace to the Brooklyn properties.

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