Andrew Robinson, CEO at Arc & Co

Arc & Co completes over £199m of development finance in 2019

Arc & Co has revealed in its annual results that it arranged approximately £199.3m of development finance in 2019.

It completed 82 commercial and development loans, 119 residential mortgages, and seven marine and aviation deals — which brought its number of loans to 208 for the year.

This represented a total loan amount of £534m, with development loans accounting for the highest proportion, followed by commercial (£111.2m), bridging (£59.3m), residential (£57.5m), marine (£46.1m), BTL (£27.3m), refurbishment (£25.4m) and aviation (£8.1m).

The specialist debt advisory recorded a 6% decrease in the size of its development loan book, which it claimed was due to economic and political uncertainty and the impact this had on larger-scale developments.

Despite this, it undertook a higher number of development deals, for more clients, but for smaller loan values.

Overall, Arc & Co saw the number of loans completed increase by 10%, which it claimed was due to both a rise in staff headcount and higher refinancing figures.

Other highlights in its annual results included:

  • the number of commercial loans undertaken increased by 15% and there was an 8% rise in the number of refurbishment loans
  • a 12% increase was recorded for the number of lenders used by Arc & Co
  • first charge loan completions accounted for £504.3m and second charge loans — which increased by 25% — totalled £29.8m

Pictured above: Andrew Robinson, CEO at Arc & Co

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