Wim Roach and Brian Lorenz combine longstanding industry relationships with actual underwriting expertise — so your deal is structured right the first time, and closes with fewer surprises.
"Wim and Brian are the rare team that is interested in finding out how you want your deal to look, versus dragging you along on what's profitable for them."
Most originators sell the loan. We engineer it. Brian's background as a Senior Underwriter means we know exactly how HUD evaluates a deal — and we build your application accordingly — so you can trust in our certainty of execution.
Brian spent years on the HUD/FHA underwriting desk before moving to originations — and never had a deal rejected by HUD. We know what makes HUD approve and what gets a deal kicked back. Your application is built right the first time.
Wim has closed approximately $1.5B in HUD/FHA loans. Brian has underwritten ~$500M. This team has seen nearly every deal type, market, and complication the program can throw at you.
Wim has built lasting HUD and 3rd party relationships across the country for more than a decade — allowing us to pick up the phone and confront issues directly.
We'll tell you quickly if your deal won't work — and why. No wasted months. Our underwriting background means we can give you a real read on feasibility before you're invested.
Many lenders sell the servicing after closing — meaning you end up with a servicer you never met. Centennial Mortgage services the loans it closes. The relationship doesn't end at endorsement.
Centennial Mortgage is not a big bank with a HUD department buried three levels deep — it's an independent, nimble lender that focuses on maintaining exceptional relationships with HUD offices. And when you work with Wim and Brian, those relationships are yours.
Our primary focus is the 223(f) and 221(d)(4) programs, but we originate across the full HUD/FHA multifamily product suite. If your deal doesn't fit the standard box, let's have a conversation about it — it's always fun to solve problems with eager partners.
The 223(f) program provides long-term, fixed-rate, non-recourse permanent financing for the acquisition or refinance of existing stabilized multifamily properties. It is one of the most borrower-friendly loan structures available in commercial real estate.
The 221(d)(4) program finances the construction or substantial rehabilitation of multifamily housing. It converts to a permanent loan at certificate of occupancy — one loan from groundbreaking through the life of the asset.
The 241(a) program provides a supplemental FHA-insured loan on a property that already has an existing FHA mortgage. It is typically used to finance capital improvements, energy efficiency upgrades, or other property enhancements that add value without requiring a full refinance of the underlying loan. The supplemental loan is subordinate to the existing FHA mortgage.
The 223(a)(7) program allows borrowers with an existing FHA-insured mortgage to refinance into a new FHA loan — typically to lower the interest rate or extend the term. It is one of the fastest HUD loan products to close, with a streamlined review process since the property and borrower are already in the FHA system. No new appraisal is required in most cases.
An Interest Rate Reduction or Loan Modification allows existing FHA-insured borrowers to restructure their loan terms — most commonly to reduce the interest rate and lower debt service on a property that may be experiencing stress. This is a workout tool as much as a financing tool, and can be a valuable option for borrowers who need relief without triggering a full refinance.
Wim brings the relationships and origination experience. Brian brings the underwriting depth. Together, your deal gets the full picture from day one.
Wim has been originating HUD/FHA multifamily loans since March 2014, building a track record of approximately $1.5 billion in closed transactions across the country. His relationships are built on a simple foundation: understanding borrower goals, taking processing load off of the borrower, making sure his client gets the product they wanted, and a deep knowledge of the HUD process from start to finish.
"Wim made our HUD refinance the easiest loan I have ever done - HUD, FNMA, bank, or otherwise."
Brian spent the early part of his career as a Senior Underwriter at a leading HUD/FHA multifamily lender, where he underwrote approximately $500 million in HUD/FHA multifamily loans — including some of HUD's most complicated pilot programs, such as HUD RAD for PRAC Sub-Rehabs and LIHTC PILOTs. That experience — understanding exactly how HUD evaluates credit, market, and physical risk — is the foundation of how Wim and Brian structure every deal. He joined Centennial Mortgage as Vice President, bringing his underwriting perspective directly to the borrower relationship.
"Brian came up as an underwriter. He knows exactly what HUD is going to ask — before they ask it."
A straightforward four-step process — built around understanding what you're trying to accomplish. We tell you early if a deal won't work, and we execute with speed and precision when it will.
Before we talk numbers, we listen. Every borrower has a different objective — rate reduction, long-term hold, new construction, value-add — and the right structure depends on understanding what outcome you're actually after. We start there.
We stress-test your deal against HUD's actual underwriting criteria before an application is ever assembled. Within days, you'll have a clear picture of feasibility, loan sizing, and realistic timeline — typically ~5 months for a 223(f) and ~11 months for a 221(d)(4) from application to close.
We assemble the HUD application with precision — anticipating the questions before they're asked. Our underwriting background means we know exactly what HUD needs and what actually moves a deal forward. We stay close through MAP review, responding promptly and keeping you informed at every stage.
Coordination through firm commitment, closing, and HUD endorsement. We've guided $2B+ worth of deals across the finish line — and we don't consider the job done until you have the product you were looking for from the start.
We're building a library of practical white papers and guides written from the inside — not marketing copy, but real guidance on how to navigate the HUD process.
Non-recourse, fixed-rate, 35–40 year financing for apartment buildings. A sponsor's guide to HUD multifamily loans from a former HUD underwriter.
How a former HUD underwriter got Montana's 2025 multifamily tax cut (HB 231 / SB 542) into a 223(f) refinance — adding $4M in DSCR-constrained proceeds.
A side-by-side comparison of the HUD 10-9-8-7-6-5-4-3-2-1 step-down against Fannie Mae yield maintenance on a $25M, 5.30%, 35-year loan — including what happens when treasuries move.
A former Senior HUD Underwriter explains how 223(f) loan proceeds are determined — LTV, DSCR, statutory limits, and the cost-of-refinance floor — with an interactive sizing tool embedded in the article.
A former Senior HUD Underwriter explains how 221(d)(4) new construction loan proceeds are determined — LTC, DSCR, statutory limits, and BSPRA — with an interactive sizing tool embedded in the article.
How Section 241(a) allows ground-up construction of additional units at 90% LTC on top of an existing HUD mortgage — with no Davis-Bacon requirement if the underlying loan is a 223(f).
A former underwriter's guide to the HUD 223(f) refinance timeline: engagement to closing, when to start on a stabilized project, and where deals stall.
A step-by-step guide to the construction loan process — Concept Meeting through Initial Closing — including common delays and how to compress the schedule.
The HUD 223(a)(7) refinance and IRR loan modification both cut your rate with no cash-out — plus the Hybrid 223(a)(7) structure that often beats both on NPV.
How BSPRA works in the HUD 221(d)(4) program, how it affects the LTC mortgage calculation, and how it compares to SPRA.
The five most common reasons HUD/FHA multifamily loan closings are delayed — incomplete submissions, environmental issues, report shelf lives, appraisal problems, and PCNA findings.
A complete HUD 223(f) checklist compared item by item to Fannie Mae, Freddie Mac, and life company requirements — written by a former HUD underwriter at a MAP lender.
Whether you have a deal ready to go or you're just starting to evaluate your options, we're happy to spend 20 minutes walking through feasibility. No obligation — just a straight answer from people who know the program.