Cameron Hayes, Arc & Co. has completed a loan for £11.9m secured a commercial site with planning for residential consent in South London.
The property is an existing retail site with planning for a mixed-use scheme comprising over 200 residential units and ground floor commercial.
It is the second deal that Arc&Co. has completed with Market Financial Solutions this quarter, totalling £25m of lending together.
Cameron Hayes, Asset Finance Advisor at Arc&Co. commented, “We are very pleased to get this one across the line. It’s the first development that will be brought forward by the client in this part of London. It neatly fits as part of the wider regeneration, coming relatively early within the new plans from Southwark and the GLA. We look forward to working with MFS and the client more over the coming months”.
Paresh Raja CEO, MFS says, “It was a pleasure working with Arc & Co on this deal. We were glad to be able to get this large mix-use loan completed quickly and seamlessly for the client. It’s very rewarding to work with brokers that really understand their clients. We look forward to our next cases with Arc & Co, making finance accessible for many more borrowers to come.”