Century Capital secures new funding line from NatWest
By Andreea DulgheruCentury Capital has obtained a funding line of up to £100m from NatWest.
The deal, which was completed last week, increases Century’s lending capability in order to boost transactional flow towards its future growth targets.
The new funding line, together with its existing ones secured in recent years, support Century’s business strategy to fund prime real estate across London and the Home Counties.
Paul Munford, CEO at Century Capital (pictured above), said: “The additional funding line is a welcome addition for us at a pivotal time where we enter a new phase of ambitious growth.
“This facility provides further firepower to our lending capability and the talent of our team.
“Our pipeline for 2023 is strong and this significant fundraise will help us considerably to achieve new growth targets and build the company.”
George Ross, managing director and head of specialty finance at NatWest, added: "We are pleased to have supported Century Capital with a financing solution that meets its continued growth ambitions.
“This facility enables Paul and his team to deliver for even more customers and supports the funding of the real economy.”
Keywords: century capital, funding line, natwest, specialist finance lending, funding partnership