Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

Ryan Fowler

Century Capital completes £3m offshore bridge

15 January, 2016

By: Ryan Fowler

category: Commercial, Residential, Secured, Short Term, Unsecured

0

Century Capital completed a £3m bridging loan for a British Virgin Islands-based company in four days.

The loan was against a against a £15m property in Mayfair at 20% loan-to-value with a proposed term of 12 months, with the lender retaining six months’ interest at the outset.

The exit has now been agreed, with the buyer set to refinance with a major global bank to completely redevelop the property. Full planning permission is in place for the house to be transformed into a £40m luxury single residence.

Paul Munford, chief executive of Century Capital, said: “In itself, a £3m bridging loan is fairly routine but to turn one around in just four working days where the borrower is an offshore company is far less so.

“With both timing and liquidity crucial to the buyer, this was the kind of highly bespoke loan Century Capital thrives on and is proof that when everyone involved in the process – solicitor, client and lender alike — are 100% committed, finance can be arranged in exceptionally short timeframes for even the most complex client requirements.”


Recent News

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Matt Cottle steps down from Specialist Mortgage Group

08 December, 2020

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login