Arc & Co. have completed a loan with Century Capital on a prime residential asset with a value of £17.5m in London.
The loan, a £6.5m refinance and equity release was the first deal with Amber Lion Partners, an award-winning family office based in Switzerland.
The client is a Syrian national, resident in Monaco with a BVI ownership structure.
The funds will be utilised for capital expenditure on a hotel development located in Vienna, while Arc & Co. re structure the debt for the entire hotel development which has a total Gross Development Value of £150m.
Andrew Robinson, CEO at Arc & Co. says, “I would like to thank all parties involved in completing this deal, with special thanks to Century Capital, who were quickly able to understand the structure and complex nature of the deal resulting in a swift completion during August.”
Paul Mumford says, “We are pleased to have completed another Arc & Co. transaction on a prime property in Central London. The complex and international nature of the deal was particularly appealing and handled very professionally by Arc & Co. We value the relationship and particularly the proactive and responsive approach of Andrew and his team. At Century we have strong appetite for complex and high-end real estate and understand the often time sensitive nature of finance for entrepreneurs and major business figures.”