Century Capital storms into 2018 with five diverse deals completed in the first week of January
London, 10th January, 2018, There’s been no sign of a quiet January for the team at Century Capital, along with moving to bigger and better offices in central Mayfair they have also completed on five loans already this month.
Deal One: A new client approached Century requiring equity release on their unencumbered Chelsea harbour property. With a 1st charge in place and the sale of the security the exit. Century swiftly completed the £700,000 loan.
Deal Two: Century completed on a c.£200k loan on a mews house in Knightsbridge with a short lease. With a strong borrower covenant and a 1st charge in place, Century were keen to complete the loan at 65% loan to value.
Deal Three: A £1M equity was raised against a newly restored, £10+ million house in Notting Hill to finance a purchase in the Bahamas. The loan was aggregate 60% LTV, secured by an second charge behind an existing lender. Strong borrower and a strong asset make this a loan we’re pleased to have on our books.
Deal Four: Century provided a seven figure cash flow injection to a high profile property developer, secured on an established restaurant and residential property in Chelsea. The security valued at c.£7M and the loan was backed by a person guarantee from the UNHW client.
Deal Five: The expert knowledge of leaseholds and development allowed Century to swiftly lend £100k for a loft conversion in fashionable Dalston. A combination of second charges on 3 already completed flats, under 65% LTV, allowed the builders to start work in January and avoid further costly delays.
Paul Munford, CEO of Century Capital, comments:
‘After a fabulous December we have headed into January with a bang; with our biggest week and pipeline to date. Key to the success of Century is our diversity, speed and commitment to deals. Brokers and clients are realising more and more that our common sense approach to lending is getting deals over the line and building reputations. While weather conditions might be gloomy the outlook for us is bright.’
January looks set to be a record month for Century Capital with 4 new appointments to the lending team and a relocation to new, high-tech offices in the heart of Mayfair which are the envy of the their industry.