The partnership will mean both of their client bases will benefit from specialist advice needed to support their businesses, with Arc & Co advising on development finance and London Belgravia Brokers focusing on build warranties.
Together, the companies are expected to provide advice on over £2bn of development costs per year.
“The base of London Belgravia’s business model is providing honest and dependable advice to our clients — and this is mirrored in the foundation of our partnership with Arc & Co,” commented Giles Fallan, managing director at London Belgravia Brokers.
Arc & Co and London Belgravia Brokers have completed their first deal with West One Loans — a £2.3m facility for a nine-unit development in Wood Green.
- Decarbonising the energy supply is the 'low-hanging fruit' — Watch the Building Better and Greener debate on demand
- Arc & Co completes £86m loan for Midlands development
- London Belgravia Brokers secures building warranty cover for Barking BTR scheme
The client had no UK assets, which affected the availability of a personal guarantee which would be enforceable in the event of a default.
The 24-month loan was provided at 7% interest plus base rate.
“This completion is the epitome of this and clearly demonstrates the real value clients can see, from the bringing together of two specialists in their field can bring,” Giles added.
Andrew Robinson, CEO at Arc & Co, said: “This is the first completion from our new partnership and demonstrates the clear specialist advice needed within the ever demanding development finance sector.
“This completion was a win-win for both firms and the client as, without the funding levels approved, the client would not have been able to purchase the site.”