The client required the 60% LTGDV facility — priced at 5.99% per annum — to purchase the site of the former West Finchley Bowls Club and deliver eight family houses.

Despite a number of constraints, including the borrower’s offshore structure, the broker and lender were able to work together and complete the deal to meet the client’s needs.

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Julian King, director within the structured finance team at Arc & Co (pictured above), said: “This is the second transaction I’ve been involved in with my client, who is actively seeking development opportunities across London. 

“The development of this site will be an excellent addition to their growing portfolio and I look forward to working with them throughout the lifecycle of the project.”

David Burke, lending director at STB, added: “It was our first deal with the customer who was extremely well represented by Julian and Arc & Co, who also did a great job to supporting STB in manging the process to completion. 

“We are always excited to be working with new to bank customers and we are looking forward to building this excellent scheme in Finchley together.”