The returning client required the funding to support their business while waiting for funds to be released from a business transaction.
Century Capital provided the loan with a nine-month term and three months interest retained, at 57% LTV.
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Paul Munford, CEO at Century Capital (pictured above), said: “The borrower contacted us directly looking to raise funds on an asset well known to us.
“With a proactive, highly regarded borrower, we managed to complete in an industry-leading three days.”
Last week, the lender announced that it had completed a £6.5m loan to a borrower purchasing a beachside property in Florida, USA.