Century Capital

Century Capital completes £8m worth of prime central London deals

Century Capital has funded a series of bridging and commercial loans totalling £8m.

The deals were provided over June and July for a variety of properties in central London, all agreed on 12-month terms.

The facilities included:

  • a £700,000 bridging loan for the purchase of a boutique shop worth £1.1m in Notting Hill
  • a £1.2m commercial loan for the acquisition of a £1.9m restaurant in Notting Hill
  • a £600,000 bridging facility for a £1.2m residential property in Notting Hill
  • a £5.5m bridging loan to refinance an existing loan used for the purchase of an £8.5m new build flat in Chelsea

Paul Munford, CEO at Century Capital (pictured above), said: “All these deals were very much in our sweet spot, which is prime central London. 

“Having the knowledge of our target market, especially with regard to values, gives us great confidence when lending. 

“We have also improved our underwriting capability with new staff and systems, which makes us quicker and gives us more appetite.

“We are delighted with the progress we’ve made this year and the ability of our staff and systems to cope with a much higher volume of deals.”

The lender is looking to increase its loan book by a further £100m this year.

In addition, it aims to increase its average loan size, which has already doubled, and further strengthen its team with new appointments.

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