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.
- DFT roundtable: What areas of property development finance finance are most underserved?
- Arc & Co advises on £8m loan for 553-bed hotel development
- Matthew Yassin joins Arc & Co as director
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