Century Health & Housing Capital

What Century Health & Housing Capital does

Century Health & Housing Capital is a national boutique FHA/HUD real estate finance firm founded in 1992 and headquartered at 18 Division Street, Suite 302, Saratoga Springs, New York. The firm operates as a wholly owned subsidiary of Velocity Financial, Inc. (NYSE: VEL) and originates, processes, underwrites, funds, and services FHA-insured, GNMA-collateralized mortgage loans for three primary customer segments: market-rate multifamily developers, affordable housing developers using LIHTC or Section 8 programs, and owners/operators of residential healthcare facilities including assisted living, skilled nursing, memory care, and board & care properties. Century holds four federal designations—approved FHA Mortgagee, HUD MAP Lender, HUD LEAN Healthcare Lender, and GNMA Seller/Servicer—and has provided over $16.5 billion in cumulative FHA-insured financings since inception.

Name

Century Health & Housing Capital

Legal name

Century Health & Housing Capital LLC

Website

https://chcap.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Century Health & Housing Capital is an FHA/HUD-approved direct lender originating, underwriting, and servicing non-recourse fixed-rate mortgage financing for multifamily developers, affordable housing sponsors, and residential healthcare facility operators through HUD MAP and LEAN programs.

Ownership category

akta.pro rank

Product category

Commercial Mortgage Lending

NAICS

Finance and Insurance (52)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro industry

PRIMARYFSALADAE

Government-Backed CRE Lending (FHA/HUD/USDA)

Financial & Insurance/Mortgage & Housing Finance/Commercial & Multifamily Mortgage Lending

SECONDARYFSALADAH

Construction & Development (C&D) Lending — Commercial/Multifamily

Financial & Insurance/Mortgage & Housing Finance/Commercial & Multifamily Mortgage Lending

Keywords

• FHA multifamily lending
• HUD healthcare financing
• GNMA mortgage-backed securities
• Affordable housing financing
• Commercial mortgage origination

Headquarters

HQ city

Saratoga Springs

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. FHA Loan Origination: Originates FHA-insured mortgage loans for multifamily and healthcare properties, earning origination fees and loan processing income
2. Loan Servicing: Provides loan servicing during construction and permanent loan stages, earning ongoing servicing fees
3. GNMA Seller/Servicer: As approved GNMA Seller/Servicer, packages and sells FHA-insured loans as GNMA mortgage-backed securities, generating income from loan sales and ongoing servicing

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Century Health & Housing Capital originates, underwrites, funds, and services FHA-insured, GNMA-collateralized mortgage loans for multifamily developers and residential healthcare facility owners/operators. Operating as an approved HUD MAP and LEAN lender, the firm provides long-term, fixed-rate, non-recourse financing for new construction, substantial rehabilitation, acquisition, refinancing, and supplemental loans across market-rate, affordable, and healthcare property types.

Product overview

Century Health & Housing Capital offers a comprehensive suite of FHA-insured mortgage programs administered through HUD's MAP (Multifamily Accelerated Processing) and LEAN healthcare lending programs. The core products include three multifamily financing programs (Section 221(d)(4) for new construction/substantial rehabilitation, Section 223(a)(7) for streamlined refinancing, and Section 223(f) for acquisition/refinancing) and four healthcare facility programs (Section 232 for new construction, Section 232/223(a)(7) for streamlined refinancing, Section 232/223(f) for acquisition/refinancing, and Section 241(a)/232/241(a) for supplemental loans). These programs provide long-term, low fixed-rate, non-recourse, assumable financing for market-rate multifamily properties, affordable housing, and residential healthcare facilities including assisted living, skilled nursing homes, and senior housing. The company operates as a subsidiary of Velocity Financial, Inc. and has provided over $16.5 billion in FHA-insured, GNMA-collateralized financings.

Differentiator

Problem solved

Functional benefit

Products and services

• FHA/HUD Section 221(d)(4) Multifamily New Construction/Substantial Rehabilitation Loan Long-term, low fixed-rate, non-recourse, assumable financing for construction and permanent financing of new apartment projects or substantial rehabilitation of existing apartment projects; eligible for market rate, affordable, or subsidized multifamily properties.
• FHA/HUD Section 223(a)(7) Multifamily Streamlined Refinance Loan Streamlined refinance of existing FHA-insured multifamily projects, allowing up to 12 years extension of original loan maturity.
• FHA/HUD Section 223(f) Multifamily Acquisition and Refinancing Loan Permanent financing for purchase or refinance of market rate multifamily, affordable, or rental assisted properties, with up to 35-year fully amortizing terms.
• FHA/HUD Section 232 Healthcare Facilities Mortgage Long-term, low fixed-rate, non-recourse, assumable financing for construction and permanent financing of healthcare properties including assisted living, skilled nursing homes, intermediate care, and board and care facilities.
• FHA/HUD Section 232/223(a)(7) Healthcare Streamlined Refinance Streamlined refinance of existing FHA-insured healthcare projects.
• FHA/HUD Section 232/223(f) Healthcare Acquisition and Refinancing Long-term permanent financing for acquisition or refinance of healthcare properties, with up to 35-year terms or 75% of remaining economic life.
• FHA/HUD Section 232/241(a) Healthcare Supplemental Loan Financing for repairs, additions, and improvements to facilities with an existing FHA-insured first mortgage, with up to 40-year terms.
• FHA/HUD Section 241(a) Multifamily Supplemental Loan Financing for repairs, additions, and improvements to multifamily properties with an existing FHA-insured first mortgage.
• HUD MAP (Multifamily Accelerated Processing) Lending Program Approved MAP lender status enabling efficient preparation, structuring, and implementation of FHA-insured and GNMA-collateralized financing for multifamily developers.
• HUD LEAN Healthcare Lending Program Approved LEAN healthcare lender status enabling financing for residential healthcare facilities including assisted living, memory care, skilled nursing homes, and board and care facilities.

Quantifiable outcome

• Up to 35 years of fully amortizing fixed rate financing for existing projects
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

One partnership is on record.

• LendingStandardcoreTechnology or Integration · 1 October 2023Century partnered with LendingStandard to implement a cutting-edge SaaS HUD solution for loan origination, underwriting, and processing. The platform provides automation of key tasks, advanced reporting capabilities, and compliance assurance for managing FHA loans. This partnership enhances Century's operational efficiency and service delivery.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Walker & Dunlop: One of the largest FHA multifamily and healthcare lenders in the U.S., operating HUD MAP and LEAN programs at scale with a national origination platform. Directly comparable as Century's most cited competitor and a prior employer of multiple Century senior underwriters.
• CWCapital: Specialized FHA multifamily and affordable housing lender offering MAP/LEAN programs across market-rate and affordable housing. Brian Harrahy (Century MD of FHA Programs) previously served as Deputy Chief Underwriter at CWCapital, underscoring direct product and talent overlap.
• Bellwether Enterprise Real Estate Capital (BERC): National commercial real estate finance company with a dedicated FHA multifamily and healthcare lending platform offering MAP and LEAN products. Closely comparable to Century in product mix, customer base, and relationship-driven origination model.
• JLL Real Estate Capital (formerly Hunt Real Estate Capital): Major commercial real estate finance platform with an active FHA multifamily and seniors housing origination business via JLL's debt capital markets. Direct peer in targeting HUD MAP/LEAN originations and servicing the same developer and operator client base.
• Greystone & Co. National commercial real estate finance company with FHA multifamily and healthcare lending capabilities. Comparable in providing structured, long-term HUD-insured debt to multifamily developers and healthcare facility operators.
• Love Funding: Specialized FHA multifamily and healthcare lender providing MAP/LEAN financing nationally. Comparable niche scale, regulatory positioning, and target customer base of developers and operators seeking HUD-insured capital.
• Red Mortgage Capital: FHA-approved multifamily and senior housing lender providing HUD-insured acquisition, refinance, and new construction loans. Direct competitor in the same MAP/LEAN product suite with overlapping healthcare facility operator relationships.
• Lancaster Pollard (Oaktree-affiliated): Specialized senior living and healthcare real estate investment bank and FHA lender with deep Section 232 expertise. Direct peer in the healthcare lending vertical where Century actively originates Section 232 loans.

Broad incumbents

• Cushman & Wakefield (Debt Capital Markets): Global commercial real estate services firm with a multifamily and seniors housing debt capital markets practice that includes FHA MAP/LEAN origination. Broader incumbent offering HUD-insured financing as part of a much wider services platform.
• Wells Fargo Multifamily Capital: Large bank-affiliated FHA multifamily and healthcare lending platform historically run by Century's current EVP Cathy Pharis. Incumbent competitor with broader product breadth and balance sheet, but overlapping core HUD MAP/LEAN origination activities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/century-health-housing-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Century Health & Housing Capital