Short-term lender Century Capital has upped its maximum loan size from £2.5m to £3m.
Short-term lender Century Capital has upped its maximum loan size from £2.5m to £3m.
The short-term Mayfair-based lender increased the loan size to reflect its additional funding lines.
Paul Munford, Century Capital’s chief executive, said: “There is an increased demand for larger loans, especially on low leveraged prime property where clients are looking to take advantage of lending opportunities and require immediate funding.
“Century’s biggest selling points are our speed, our funding, and our understanding of complex transactions. Our credit team has substantial experience of analysing and executing diverse transactions and have an exceptional knowledge of the current market.”
Nick Hilton, Century Capital’s head of lending, said the bridging sector is diversifying with increased demand for second charge lending.
He added: “We look forward to reaching out to many more new clients with a more competitive and varied product range.
"We aim to combine both our bespoke approach to lending with increased scalability in 2016.”
