Partnerships matter: Achieve your CRA lending goals with Centrant

Centrant Community Capital is a mission-driven lender, leveraging the resources of the banking industry to finance affordable multifamily housing in a safe, profitable manner.

In practical terms, what does this mean for your bank? By participating in Centrant’s permanent mortgage loans, your institution can receive CRA lending test credit and an attractive yield. You also have the confidence of working with a trusted partner with a 30-year track record of success.

But did you know that there are other intangible benefits associated with becoming a Centrant member bank?

• Reduced risk: While no loan is truly “risk-free,” participating banks share lending risk while benefiting from Centrant’s specialized industry knowledge of affordable housing. Our experience underwriting, servicing and monitoring affordable multifamily loans is evident in the fact that total loan losses since 1990 are just $838,000 — an annualized loss rate of 0.022%.
• Enhanced lending opportunities: Centrant brings quality loan opportunities to its members for consideration. Our loans can help any bank expand its geographic reach or diversify its loan portfolio, and our ability to issue forward perm debt commitments may open the door for members to pursue other customer engagement opportunities such as construction loans or deposit accounts.
• Freedom of choice: Centrant loans are always offered for participation on a voluntary, loan-by-loan basis. This means that member banks can choose to participate in the specific loans that are best suited to their needs, in whatever amount makes sense for their particular CRA and lending goals.

In short, Centrant member banks enjoy direct benefits to their institution while supporting the affordable housing needs of the communities they serve.

David Bennett
[email protected]
984-344-9992
www.centrant.org