Client Situation: We were introduced to a new HNW client by an existing broker. The client was looking for a bridge to develop a plot of land with planning for 5 x5 bedroom houses with a current value of £4.5M and a GDV of £11M.
Our Solution: Century Capital provided finance of £2.25M at 50% LTV by way of first legal charge. The Bridge to Develop loan had a term of 6 months with the exit being development finance.
Find out more about the type of bridging finance Century Capital offers here.