Exclusive: Bridging lender secures major funding line

Mayfair-based bridging lender Century Capital has exclusively revealed to B&C that it has secured a major new funding line from a leading member of the London Stock Exchange.

The open-ended funding line can be drawn down according to demand, and Century Capital has already used it to complete its first new loan, a £1m second charge.

The new funding line coincides with the launch of a  brand new website and logo refresh which went live yesterday.

Paul Munford, CEO of Century Capital, said that the lender’s common sense, equity-focused approach to lending has made it stand out from the competition and this new funding line will enable it to capitalise on recent success.
 

Paul Munford, CEO of Century Capital

“These are exciting times for Century Capital,” Paul said.

“With a strong backer and launch of a new website, we want to get the message out to brokers that we are here and that we will lend where other lenders won’t.

“Reflecting this, we have already completed on our first loan from the new funding line, a £1m second charge to a client in the capital, and have a further £10m of imminent completions this month.”