The companies worked together to provide a gross loan of £3.26m to the developer, whose equity position meant that maximum leverage was required.
The stretched debt will support the development of three houses, each valued between £1.5m and £2m.
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Tom Berry, director at Arc & Co, said: “Collaborating with Callum [Ferguson, head of business development] and Harry [Pennells, loan manager] at Clearwell proved that it can be done — and better still with stretched leverage up to [almost] 70% LTGDV.
“It’s hugely positive to see this sort of appetite from funders.”
Callum added: “We are delighted to have completed this development facility with Arc & Co.
“Following the initial introduction, Tom was extremely professional, communicating effectively with both sides to ensure a smooth completion — we look forward to working with the team on future transactions.”
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