Century Capital has successfully completed a loan of £2.56M under a tight time frame, in order to redeem a loan facility with West One Loans.
The client was under extreme pressure to redeem the current loan facility and to allow further time in order to work with the local planning authority to approve major improvement works to the property.
Century Capital was able to provide the facility of £2.56M (65% gross Loan To Value) despite the planning issues faced by the client, in a very quick turnaround time.
Century Capital had managed to agree Credit backed terms within hours beginning the whole process, obtain a valuation in the space of a few days and work very hard with solicitors in order to understand the complex characteristics of the loan.
A Senior Underwriter visited the site as soon as terms were issued, and therefore Century Capital had quickly become comfortable with the complexity of the proposal in order to deliver exactly what the client had requested.
The client was extremely happy with the hard work, efficiency and speed demonstrated by the Underwriting team at Century Capital in order to deliver the terms agreed on day one of the process.