Century Capital has completed a £1.2M facility to a well-known Senior Financial Services Director in order to allow the completion of a new build luxury home in Berkshire.
The client had invested a large sum of private funds in order to complete the build of the luxury property, requiring Century Capital to be able to replenish the funds contributed to the completion works of the build.
The security was weeks away from being completed and therefore lacked the necessary New Build Warranties required by the majority of lenders. Despite this, Century quickly stepped in and completed the deal using a common-sense approach.
The quick turnaround of this facility will enable the client time to complete the construction of the luxury home while providing the replenishment of the funds required.
The borrower was extremely happy with the great speed in which Century Capital was able to execute this complex transaction.