Matthew Cleave

Arc & Co closes £13.75m loan

Arc & Co.’s structured finance team recently closed a £13.75m loan with OakNorth and Falco Capital for their client, Barry Howard Homes.

Matthew Cleave, a senior adviser in the structured finance team at Arc & Co. (pictured above), closed the loan on behalf of the housebuilder for the development of 139 homes at a site close to Northampton town centre.

The phased facility was provided at 85% LTGDV (for phase one) for a 30-month term.

 “We have arranged a syndicated peak debt facility to meet the costs of the scheme in line with the proposed phasing by the client,” said Matthew.

“This allows the client to control costs throughout the term of two-and-a-half years.”

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