You are here: Home - News -

Century Capital completes four bridging loans in one day

by:
  • 27/11/2015
  • 0
Century Capital completes four bridging loans in one day
Bridging lender Century Capital has broken all its previous records by completing on four loans, together worth £3.5m, on the same day.

One loan took three days to be delivered after the application was received, with the longest taking a fortnight.

The completions included two first charge bridges for refurbishment purposes on homes in London. A £1.5m loan was secured on an unmodernised house in Putney valued at £2.5m, and a £470,000 loan on a Victorian terrace in Stockwell, worth £650,000.

Century Capital also provided a £870,000 first charge to the owner of a house in Kentish Town worth £2m, and a £500,000 second charge loan to the owner of a £6.5m home in Hampstead.

Paul Munford, CEO, Century Capital, said his team has 15 years’ experience in the field and an ‘equity-focused’ approach to lending, which is why the loans could be approved so quickly.

He added: “To complete on four loans in under a fortnight and on the same day is what bridging finance is all about.”

There are 0 Comment(s)

You may also be interested in

  • RT @paragonpressuk: Interesting read: As Airbnb rises in popularity @mortgagesols explains what lenders and intermediaries are doing to hel…
  • RT @htbplc: 📢 | We're at the @mortgagesols Specialist Lending Event next month in Esher, Solihull, York and Liverpool. Interested in atten…
  • RT @ShawbrookBroker: Join us at the @mortgagesols Specialist Lending Event 2019 throughout Feb! Don't miss industry experts addressing the…

Read previous post:
man in bowler hat reading a newspaper
Last week’s most read on Mortgage Solutions – 27/11/2015

This week the Autumn Statement was top of the agenda for our readers, after Chancellor George Osborne made an announcement...

Close