Top Chelsea footballer helps put pen to paper on a first charge loan

Brian West

13 July 2017 14:48 GMT

Century Capital say they are delighted to announce a recent completion from which they got a massive kick. It came when an unarmed Chelsea star put pen to paper on a first charge loan.

The company completed a deal to unlock equity from a £3million prime Fulham property – home to a high-profile Blues player – in just five days.

Century agreed the deal on a 12-month term on an first charge basis and LTV of 66%.

The deal came alongside another colourful proposition when Century was quick across the finish line to complete a £1million equity release deal on a six-month term.

A £26million super prime London property secured a second legal charge at 42.38% LTV, with the sale of a classic Ferrari providing the exit route.

And a mixed used scheme in Peckham Rye landed a £500K loan. A release in equity against the unencumbered property was required, with the funds needed to inject stock into the business and carry out maintenance on the building.

With an LTV of 65% and a commercial refinance the exit, Century say they were keen to deliver, completing a hat-trick of great deals.

The company says July has seen a good influx of new deals going into lawyers’ hands and we are committed to providing the quickest turnaround times.

Paul Munford, Century Capital’s CEO said: “They say property is about location, location, location. Well bridging lending is about speed, speed, speed. And that's where Century deliver. We are totally customer focused and my broking background gives me the insight into what brokers and clients really want and need.

"We don't kick deals into the long grass, we make it happen and make it happen quickly. We see competition as a challenge and brokers as our friend. As a great leader once said, 'we will never surrender, whatever the cost’.”

Century Capital

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