Specialist advisory firm Arc & Co. has secured £18.7m from a London based family office for two commercial funding transactions.
The first deal was the refinance of a retail and commercial asset in Ashford. The gross loan of £6.2m facilitated the purchase of high-quality retail and office space in Bristol, with a strategy for value add, regearing leases and marketing to new prospective tenants.
The 62% loan, headed up by Arc & Co. Director Cameron Hayes, is for a term of five years.
“It’s great to complete this with a lender that not only understands the intricacies of retail but also can get comfortable with an international borrowing structure,” Cameron commented.
The second case involved the refinancing of a national leisure and office portfolio.
A gross loan of £12.5m at an LTV of 75% was secured for five years, allowing the client time and flexibility to restructure the group of assets.
Arc & Co. Managing Director, Edward Horn-Smith, said: “It’s important when advising our clients that we provide them with the best possible options—not just based on pricing, but also by bringing in a funding partner that understands and supports the wider business plan.”