Gareth Briggs, Head of Mortgages at Arc & Co. has completed a £7.5m loan on a portfolio of 27 properties with Shawbrook Bank.
The portfolio consisted of a mix of residential and commercial properties in the East Midlands, with some owner occupied. Arc & Co. worked closely with Shawbrook throughout the transactions to work through complications, and concerns with the sustainability of the commercial units income.
Shawbrook Bank enabled a quick completion from offer to completion in 5 business days across a combination of refurbishment bridges, a residential portfolio and commercial portfolio.
Gareth Briggs says “This was a challenging deal to structure due to the mix of the portfolio, but Shawbrook were excellent at understanding the assets in order to complete on this deal.”