Specialist debt advisor Arc & Co. has arranged a new €8.6m million bridging loan from Interbridge to finance a prime development opportunity in Val d’Isere, France. The loan was arranged on behalf of a Singapore-based HNWI via a Luxembourg Holding Company with French SCI.
The facility – taken out at 60% LTV over a 12-month term – releases equity from two existing chalet properties to fund the acquisition of a parcel of adjoining land, to be marketed for subsequent redevelopment.
Andrew Robinson, CEO of Arc & Co., said: “This was a complex deal with a unique set of circumstances, which called for an innovative and proactive approach. With mainstream local lenders out of the equation, we knew that this called for the expertise of a specialist lender. The team at Interbridge took the time to understand the mechanics of the deal, demonstrated their belief in the exit plan and swiftly executed the deal despite the challenges presented by cross-border transactions”.
Sven Peter, CEO of Interbridge said: The loan use case presented to us by Arc & Co in one of Europe’s premium winter resorts got our attention from the outset. Our know-how in cross jurisdictional lending allowed us to make a quick assessment of the situation and execute this amazing transaction fairly swiftly. Both the borrower and Arc & Co, were exceptionally professional and together the parties delivered a great result”.
The Arc & Co. Group is a specialist asset finance advisory company based in St James’s, London. Its three divisions – real estate, marine and aviation – allow it to provide specialist advice across a range of financing solutions, including senior debt, equity, leasing and mortgages.