Bridging lender Century Capital has secured a new funding line from an undisclosed London Stock Exchange-listed firm.
The funding line is open-ended and can be drawn down according to demand. Century Capital has already completed its first loan from the new line, a £1m second charge.
The announcement coincides with a logo refresh and the launch of a brand new website for Century Capital.
Paul Mumford (pictured), CEO of Century Capital, said: “These are exciting times for Century Capital. Our commonsense, equity-focused approach to lending has made us really stand out and this new funding line will enable us to capitalise on our success to date.
“With a strong backer and launch of a new website, we want to get the message out to brokers that we are here and that we will lend where other lenders won’t. Reflecting this, we have already completed on our first loan from the new funding line, a £1m second charge to a client in the capital, and have a further £10m of imminent completions this month.”
