Century Capital has announced a hat-trick of deals completed in July, including a first charge loan offered to a high-profile Chelsea football player.
This deal was agreed to unlock equity on a £3m prime Fulham property with the bridging lender offering a loan of £2.2m on a first charge basis with a 66% LTV.
Century was able to finalise a 12-month term for the client in just five working days.
In a different deal, the lender completed a £1m equity release on a six-month term.
This was secured against a London property worth £26m –which had a first charge loan of £10m – on a second legal charge basis at 42.38% LTV with the exit being the sale of a classic Ferrari sports car.
Paul Munford, CEO of Century Capital, said: “They say property is about location, location, location.
- Bridging lender completes six deals in five days
- Century Capital provides £2.25m loan for developer
- Lender funds hat-trick of loans in 1 day
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