Arc & Co has teamed up with Quantum Development Finance to provide a £4.76m development loan for a scheme in Cambridgeshire.

This site was originally owned by a local farmer who was looking to sell to a Cambridge-based developer.

The loan was delivered at 65% LTGDV by Quantum and Arc & Co.

It will be used to help deliver eight houses including several barn conversions, one of which is a grade-listed property. These funds will assist with purchase of the land and cover all costs associated with the build.

The developer has begun construction with practical completion being targeted for 2026.

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Tom Berry, director at Arc & Co (pictured above) who secured the loan commented: “The Quantum team understood the underlying legal complexities and took a commercial approach to progressing the finance.

“Quantum is a new introduction to our client, and we look forward to seeing the relationship flourish.”

“We were delighted to provide this funding package for an experienced SME developer with a strong regional presence,” added Mike Jessop, lending director at Quantum.

“The due diligence process was not without its complexities; however, it serves as a great example of how a lender, client and introducer can all work together to find a solution that works for everyone.”