The facility was for a site on the former Olympic site

Century provides £9.1m development exit on former Olympic site scheme




Century Capital has facilitated a £9.1m development exit loan with equity release for a newly built block of 23 flats in Stratford.

The 70% LTV, first charge loan, which was completed within two-weeks from inquiry, was on an apartment complex on the former Olympic site — the complex has a property value of £13m.

The returning client required funds to repay their development financing and raise cash for further investment in family-owned businesses.

Luke Navin, head of lending at Century, commented: “This is a fantastic example of Century's ability to execute complex loans, and we are proud to be the go-to lender for large, big-ticket loans.”

 

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