Century 10 Real Estate Finance - Gerkin Skyline

WELCOME TO CENTURY 10 REAL ESTATE FINANCE

Century 10 Real Estate Finance - Walkie Talkie - London

STRUCTURED REAL ESTATE FINANCE FOR INVESTMENTS AND DEVELOPMENTS

Century 10 Real Estate Finance - London - Building Look Up

LOAN SIZES FROM £1,000,000 WITH NO CAP

Century 10 Real Estate Finance - London - Bloomberg Building

INVESTMENT FINANCE, DEVELOPMENT FINANCE, REFURBISHMENT FINANCE,
BRIDGING LOANS, AUCTION FINANCE, MEZZANINE FINANCE, EQUITY & JOINT VENTURE

Auction Finance

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Auction Finance

Auction Finance can work for you if you are:

  • Looking to acquire or purchase a property at Auction
  • Looking to make your money go further
  • Want the time to increase your returns via new leases, ASTs or a light refurbishment before moving to senior debt or a BTL
  • Need the time to achieve Planning Permission or Permitted Development Rights (PDR) to resell the property with an uplift or develop out yourself

Auction Finance could be the right solution for you and we can help!

Given our deep experience of auctions and auction finance, we understand the pressures and time constraints involved. Normally you exchange 10% deposit at Auction and then have up to 30 days or less to complete the remaining balance.

In most cases, we are able achieve indicative terms in less than 24 hours. On many occasions, we can achieve this in just a few hours.

On receiving information on your Auction purchase or intended acquisition, we can assess the details of the purchase. With our knowledge of our lenders, we are able to give an almost instant indicative estimate of what terms we can achieve with our lenders. This is before even presenting the transaction to a lender.

Once we confirm with you the estimated leverage you are looking for, and understand your intended exit or plans for the purchase, we can present the transaction to the lenders best suited to your needs based our your required criteria and achieve you indicative terms to suit your requirements, fast and efficiently.

Our strong long term relationships with our lenders, experience dealing with auction properties, and our knowledge of the issues that can arise from a property at auction, helps us provide a fast, effective service, enabling us to deliver the funds within 4 weeks or in as little as a week, possibly less, allowing you to complete your purchase on time.

We can achieve the best preferential rates in the market with rates, starting as low as 0.55% per month.

Our Auction Finance loans start from £1,000,000 upwards, with no cap. In some cases we are willing to look at transactions less than this.

With most of our Auction Finance transactions, we can achieve up to 70% LTV (Loan To Value) of the purchase price. On valuation, if the value comes in higher than the purchase price, we have lenders willing to consider up to 85% LTV of the purchase price.

Century 10 Real Estate Finance can provide Auction Finance for both onshore and offshore structures. We can also provide terms for Expats and Foreign Purchasers. Normally they would already own property in the UK but they do not have to reside in the UK.

Auction Finance tends to be relatively short term finance, 1 to 18 months, but in some circumstances can be longer. Interest can either be serviced monthly or capitalised to the loan/deducted from the gross facility, or a combination of both.

We are able to arrange terms with or without PGs (Personal Guarantees) or CGs (Corporate Guarantees). In most cases, the PG or CG is limited.

If you are looking to attend an Auction or make a purchase at Auction, please do not hesitate to contact us. We would be more than happy to discuss your purchase, requirements, assess your case and provide you with options available to you and how the process works.

To discuss in more detail what we can offer, please contact us or complete the Callback Request on this page where a member of our team will call back as soon as possible.

CALLBACK REQUEST



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