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Lawrence Stephens completes £1.7M refurbishment loan for Century Capital

June 2023

Lawrence Stephens’ Real Estate Finance and Banking Teams recently completed a £1.7M refurbishment loan, acting on behalf of Century Capital.

As is usual with Property Financing, the team worked collaboratively and cohesively to complete the transaction for our clients in an efficient manner.

The deal was led by Senior Associate Rachel Coulthard and our Head of Banking Ajoy Bose-Mallick with assistance from Banking Solicitor Rhiannon Hughes who worked on the security documents. The team behind the deal ensured that they reached completion in an orderly and speedy manner to contribute to a successful completion.

The borrower, an experienced developer and renowned interior designer, faced limited financing options due to age restrictions. However, with flexibility being at the heart of the Century Capital ethos, they were able to facilitate a deal that many other lenders would be unable to execute – and Lawrence Stephens was pleased to assist them in completing the transaction.

Ajoy Bose-Mallick comments on the deal: “This was our first completion with Century Capital, and if the willingness of the team to collaborate and communicate with us effectively is anything to go by, we hope it’s the first of many! An absolute pleasure to have completed on this transaction and we look forward to building the relationship on solid foundations!”

Rachel Coulthard comments on the deal: “It’s always great to assist in the completion of a time-sensitive transaction. This case was no exception and a total pleasure to have been able to complete in accordance with the exchanged contract. Looking forward to many more deals to come.”