Century Capital has completed a deal to unlock equity from a £3 million prime Fulham property, which is home to a high profile Chelsea FC player, in just five days.
The lender agreed the deal on a 12-month term on an first charge basis and LTV of 66%.
Century also recently completed a £1m equity release deal on a six month term. A £26m ‘super prime’ London property secured a second legal charge at 42.38% LTV, with the sale of a classic Ferrari providing the exit route.
Meanwhile, the lender also financed a mixed used scheme in Peckham Rye with a £500,000 loan. A release in equity against the unencumbered property was required, with the funds needed to inject stock into the business and carry out maintenance on the building. With an LTV of 65% and a commercial refinance the exit, Century was able to do the deal.
Paul Munford (pictured), Century Capital’s CEO, said: “They say property is about location, location, location. Well, bridging lending is about speed, speed, speed. And that’s where Century deliver. We are totally customer focused and my broking background gives me the insight into what brokers and clients really want and need.
“We don’t kick deals into the long grass, we make it happen and make it happen quickly. We see competition as a challenge and brokers as our friend. As a great leader once said, ‘we will never surrender, whatever the cost’.”