Arc & Co. have completed two residential bridging loans with Century Capital.
The first, a £2.1m second charge bridge on a prime residential apartment in Knightsbridge for a term of 18 months. The case involved complex KYC due to international origins. The purpose of the loan was equity release with a 66% LTV for business purposes.
The second loan, also equity release was a £1.5m senior bridge on a house in oxford for an overseas foreign national. The loan was 30% LTV for an 18 month term. The client had a complex income structure and funds were to finish refurbishment of the existing property.
Nikita Nigai says, “Both clients had reached out to various people in the market and weren’t satisfied with the options available to them. It was a pleasure to work alongside Century Capital who understood the client’s requirements and complete on both deals.”
