Rocky Herring
Executive Vice President - Credit and Lending at Centrant Community Capital - Raleigh, NC, US
Rocky Herring's Colleagues at Centrant Community Capital
Rocky Herring's Contact Details
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Gibsonville, North Carolina, United States
Centrant Community Capital
Rocky Herring's Company Details
Centrant Community Capital is a mission driven lender, leveraging the resources of the banking industry to finance the creation and preservation of quality affordable multifamily housing.Originally known as CICNC (Community Investment Corporation of North Carolina), and later as CICCAR (Community Investment Corporation of the Carolinas), our lending consortium was established by the North Carolina Bankers Association in 1990 in response to a statewide shortage of quality affordable housing. In partnership with our member banks and borrowers, we have gradually expanded our reach across the Southeast. To date, we have funded over $300 million in loans for more than 350 properties in five states, totaling approximately 20,000 units that are affordable for low to moderate income working families and seniors.With a network of nearly 100 member financial institutions, Centrant is one of the largest consortia of its kind in the nation. The consortium model enables member banks of all sizes to participate in safe, financially attractive loans that also qualify for credit under the Community Reinvestment Act.