For the first facility, the lender provided a first-charge loan of £1.45m on a detached six-bedroom property in West Sussex, with a GDV of £2.35m.
With planning permission already secured, the loan will be used to redevelop the coastal property into two detached dwellings.
The second loan, secured against an asset in Oxfordshire, is a newly refurbished nine-bed country estate valued at £10m.
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Century provided a second-charge loan of £945,000 within a few weeks, with the funds used to provide additional cashflow for the HNW customer’s business.
Paul Munford, CEO and founder of Century Capital (pictured above), commented: ‘The announcement of reduced rates for our latest product Century PLUS has seen a flurry of new appetite for the product, with a very strong pipeline for December.”
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