Century Capital

Century Capital completes two bridging loans for Chelsea properties

Century Capital has completed two bridging loans for two prime townhouses in the heart of Chelsea, London.

The first facility totalling £150,000 was arranged at 65% LTV, while the second £5.5m loan was agreed at 70% LTV, both on a 12-month term.

The £150,000 loan was for an investment in the borrower’s business, which is set to be repaid by proceeds from the business over the course of 12-18 months.

The £5.5m facility was completed for an offshore borrower, who needed to refinance an existing bridging loan. 

The exit term for this facility will be a long-term refinancing or proceeds from the borrower’s various businesses.

Paul Munford, CEO at Century Capital (pictured above), said: “We have had a hectic week of deals and our pipeline for Q2 remains very strong indeed. 

“The two deals highlighted demonstrate that Century lends across all loan sizes and we find solutions where others cannot. 

“We have a ‘get it done’ attitude and don’t shy away from complex deals. 

“Both the Chelsea transactions were for HNW individuals where Century took a flexible approach to ensure a swift close.” 

Luke Navin, head of lending at Century Capital, added: “Our loans are not based on size and we pride ourselves on our agility and flexibility. 

“We work hard for our borrowers and brokers and will stop at nothing to structure a deal that works for everyone.”

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