Cameron Hayes, Director at Arc & Co., has supported a property developer client with a £5m bridging loan.
The scheme comprises 70 apartments, with two thirds sold off-plan.
The 70% LTV facility is for 12 months and will provide the developer with time to sell through the remaining units.
Specialist, multi award-winning capital advisory firm Arc & Co has appointed two new Asset Finance Advisors.
Angeline McGeary and Corey Dennis have both joined the growing group of debt and equity experts that make up the Arc & Co. team.
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Cameron Hayes, Director at Arc & Co., has supported a property developer client with a £5m bridging loan.
The scheme comprises 70 apartments, with two thirds sold off-plan.
The 70% LTV facility is for 12 months and will provide the developer with time to sell through the remaining units.
Specialist, multi award-winning capital advisory firm Arc & Co has appointed two new Asset Finance Advisors.
Angeline McGeary and Corey Dennis have both joined the growing group of debt and equity experts that make up the Arc & Co. team.
Specialist capital advisory Arc & Co. has secured a £10m development facility for 96 student units in the Southeast.
The funding, provided by Close Brothers Property Finance, is to support a developer with a strong student pipeline and experience in the living sectors.
Sam Beaumont, advisor at Arc & Co., has completed a £910,000 development exit loan secured on a newly refurbished property in Notting Hill.
The facility is at 70% LTV for 12 months, with interest retained at 0.79% pcm. The transaction was completed in less than two months.
Specialist capital advisory Arc & Co. has completed a commercial bridging transaction with property lender MT Finance, to support a client with additional funds.
Through a new funding arrangement, Nikita Nigai, Head of International Clients at Arc & Co., increased the original loan with MT Finance, extended the term, and released some equity for renovation works.
Specialist capital advisory firm Arc & Co. has completed a £9.3m funding package for a returning investor client.
The funding comprises a £7m acquisition bridge, provided by specialist lender Octane Capital, and a £2.3m VAT loan from Adsum.
Judd Cole, Arc & Co. Director in Southern Europe, has completed an equity release transaction of €10m, secured against a 34-meter new-build motor yacht.
Working together for the second time, Vishal Dixit, senior broker at Arc & Co., has secured funding for a seasoned investor client to acquire a small portfolio of below-market value properties.
The borrower required £1.125m as a bridging loan to purchase the asset, which he intends to refinance onto longer term debt once works have been completed to increase the value.
Tuscan Capital, the short-term property finance specialist, has today (31st July 2024) announced the funding of a £6.7 million deal for five luxury, multi-unit residential properties in Cheshire.
This transaction, introduced by Arc & Co, was completed at 75% LTV and Tuscan said it underscores its expertise in high-leverage funding.