The £7m facility — agreed at 65% LTV over an 18-month term — was secured against a £12m office block in central London that is let to an institutional tenant.
The business loan was provided to an offshore entity to fund their future business expansion.
The transaction was challenging due to the complex multi-jurisdictional structure involved, as well as the borrower’s status as a foreign national — despite this, the transaction was closed in less than three weeks.
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Paul Munford, CEO at Century Capital, said: “Century is the lender for short-term loans on prime assets and we have extended our products to include office blocks and retail assets.
“Our appetite is strong and our delivery unquestioned.”
Luke Navin, head of lending at Century Capital, added: “The flexibility and agility that Century consistently demonstrates is testament to the skills and expertise of our dynamic team and the trusted relationships we have with our lawyers and service providers within our network.
“Our pipeline remains strong and we are seeing more deals being funded in the commercial and retail space.”
In addition to its expansion into the commercial lending market, Century Capital will also remain focused on lending on residential properties and developments.
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