Century Capital has delivered a £6.6m first charge loan secured against five super-lateral flats in a white stucco period building overlooking Hyde Park. The facility, which was arranged to refinance an existing loan and fund refurbishment works, completed within three days of initial instruction.
The properties, located in one of central London’s most desirable areas, are owned by non-domiciled business owners with an extensive international portfolio across London, the UAE and Asia. The loan was required urgently to redeem a facility from a global bank.
The borrower operated via three SPVs, including one registered in the British Virgin Islands. Despite a BVI bank holiday, legal sign-off was secured within the compressed timeframe. The exit strategy for the 60% LTV facility is a buy-to-let refinance.
Paul Munford, CEO and founder of Century Capital, said: “This transaction demonstrates Century Capital’s ability to execute complex, short-term loans under intense time pressure. Our team worked collaboratively with a network of trusted partners to deliver a financial solution with speed.”
The deal saw valuation partner Project & Co attend site early and deliver a same-day report, while legal support was provided by Temple Bright under time-sensitive conditions.
