The 70% LTV 21-month term facility has been provided to a private client of Arc & Co and was arranged within four weeks of initial enquiry.
West One is the senior lender, with LDS providing a sales guarantee with a 10% cash deposit release.
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Oliver Holden, senior broker at Arc & Co, commented: “The structure of this facility and the timelines involved made this a complex deal to finalise, but both West One and LDS were excellent to deal with, going above and beyond to complete the package within four
weeks of initial enquiry.”
Chris Fortune, relationship director at LDS, said: “Arc & Co oiled the wheels to enable a quick completion and we look forward to working with Ollie and team again soon.”
Dan Alfano, senior portfolio manager at West One, added: “This was an extremely time sensitive transaction [and] we are pleased to continue building on an established relationship with Arc & Co and LDS.”
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