Arc & Co. has structured a £6.5m loan for a developer to acquire and refurbish a mews house in Mayfair.
Working closely with lender CapitalRise, Senior Broker Vishal Dixit managed to secure the funds in just seven weeks.
The facility will be used to finance the acquisition, structural refurbishment and basement conversion of the luxury central London property.
Vishal commented: “We are delighted to have partnered with Katy Katani and CapitalRise for the provision of a senior debt facility for our client.
“This is a wonderful example of what can be achieved with all key parties including sponsor, lender, adviser, and professionals, working collaboratively for the common goal in a tight timeframe of seven weeks.
“CapitalRise’s experience and breadth of knowledge in understanding this sector made them the ideal lender to partner with our client.”