Behind the Scenes of a Successful Property Finance Deal

Our BDM, Rebecca Chapman, delves into the intricacies of a recently finalised property finance deal, as she skilfully navigated certain complexities brought about by the client’s unique circumstances. Her flexibility cements Century Capital’s expertise in securing property financing, even when confronted with a challenge.

How Century Capital Provided Swift and Flexible Financing for a Prime London Development

At Century Capital, we pride ourselves on our flexibility and swift decision-making in providing financial solutions for complex real estate projects. Recently, we had the opportunity to assist a renowned developer with a substantial loan, ensuring the successful completion of an iconic building in prime central London.

The Challenge: A Developer in Need

We were approached by a highly experienced developer who needed a £6.5 million loan, representing 65% Loan-to-Value (LTV). The developer was nearing the end of their term with their existing lender and faced unresolved building regulations issues that required additional funding. Unfortunately, their current lender was unable to accommodate their needs, leaving the developer in a challenging position.

Century Capital’s Unique Approach

Century Capital’s flexibility makes us particularly suited for such scenarios. Unlike many lenders, we do not require properties to be at practical completion. This allows us to provide cash releases on properties that are still in the development phase. Our holistic approach involves thoroughly understanding both the borrower and the property, enabling us to tailor our solutions effectively.

In this case, we found the borrower to be exceptionally credible and experienced, with a property that perfectly aligned with our specialty in prime real estate. These factors facilitated our decision to provide the necessary funding.

Swift Action and Effective Solutions

The developer had an existing relationship with one of our competitors but was under significant time pressure. The imminent end of their loan term and the need for additional funds to finalise the project created a sense of urgency. The broker knew of Century Capital’s reputation for quick and effective financing solutions, prompting them to approach us.

When dealing with complex real estate transactions, unexpected issues often arise. Throughout the process, our team faced several challenges that required immediate and innovative solutions. Our small, agile team, with decision-makers deeply involved in daily operations, enabled us to navigate these hurdles efficiently.

Delivering Results in Record Time

Our ability to quickly assess risk and adapt to new information was crucial in this situation. The close-knit nature of our team and our streamlined decision-making process allowed us to respond to issues promptly, ensuring the project stayed on track.

Century Capital’s involvement in this prime London development project underscores our commitment to providing flexible, rapid, and tailored financial solutions. By understanding the unique needs of each borrower and property, we can deliver exceptional results even under tight deadlines. This case exemplifies how our approach and expertise make us a trusted partner for developers facing complex financing challenges. 

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