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Century Capital completes four bridging loans in one day

  • 27/11/2015
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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.”

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