Arc & Co

Arc & Co arranges £16.8m refinance on super-prime London property

Arc & Co has successfully arranged a £16.8m refinance facility for a development loan on a super-prime London property.

The specialist finance adviser was instructed by the client to refinance the loan on the asset and received three competing offers.

The client was provided with the offers and chose a competitively priced bridging loan.

The loan – which was provided at 62.5% LTV at an all in rate of 7.95% pa – was completed just three weeks after professionals were instructed.

The deal was completed by Edward Horn-Smith, managing director of structured finance at Arc & Co (pictured above).

In September, Arc & Co formed a strategic partnership with London Belgravia to offer an impartial end-to-end solution for clients looking to develop new schemes.

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