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.
- Arc & Co creates strategic partnership with London Belgravia
- Arc & Co closes £13.75m loan
- Arc & Co helps client secure funding for self-build project
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.