Bridging lender provides footballer with £2.2m loan

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.

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