Paul Munford's bridger to open up to market
Paul Munford has informed B&C that in line with recent growth and new funding, bridging lender Century Capital will be opened up to the market
Paul Munford has informed B&C that in line with recent growth and new funding, bridging lender Century Capital will be opened up to the market.
Paul disclosed to B&C that Century Capital, established in November 2011, will look to open up to more brokers within the market around September of this year.
Century Capital is a specialist lender which provides bespoke finance solutions to the residential bridging and short term markets. It is a rounded financial services business focusing on four main areas: HNW lending, residential/buy-to-let portfolios, development finance and short term bridging finance.
The news comes off the back of the regulated lender being appointed as one of three specialist partners in the first ever regulated bridging fund to be launched into the market.
B&C broke the news two weeks ago that the Walker Crips Income from Short Term Lending Fund will be launching on the 1st August 2013, which has its eyes set on attaining £30 million from investors for the fund in Year One.
Paul Munford, CEO of Century Capital, had told B&C: “I am pleased to confirm that Century Capital has been chosen to distribute the first regulated bridging fund. The fund will offer a substantial new funding line to Century and its participation is testament to the skills and experience of the senior staff involved in the business.
“I have operated in a regulated environment for over 25 years and I’m conscious of the requirements of a lending business. We have worked closely with the fund in developing the product and I’m sure our competitive proposition will be well received in the market. Service is our key, with fast turnaround times coupled with a reliability of funding ensuring Century will represent a good addition to the thriving short term lending market.”
In a recent meeting held with B&C, Paul explained that Century Capital will look to open up to more of the broker market from September, as a result of its growth in business and this new funding from its Walker Crips partnership.
Privately-funded Century Capital is currently the lending arm of Paul’s high net worth property finance specialist firm MCIFA, which he founded in 1987 and was rebranded at the end of last year from Mortgage Centre IFA to MCIFA. Its
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