Specialist debt advisor Arc & Co. has arranged a new £10.4 million loan from Ortus Secured Finance to facilitate the acquisition of a prominent light industrial scheme in London.
When complete, the development will provide 29,000 sq ft of industrial space across a 2.3-acre site with work expected to finish in the second half of 2024. The borrower is planning to lease and hold the completed asset while it advances a significant residential-led scheme in the area, which is part of a broader masterplan.
“We are delighted to have worked with Arc & Co to provide the financing for the client,” said Jon Salisbury, Managing Director at Ortus Secured Finance. “The successful financing of this deal is a testament to our team’s ability to navigate complex financing structures and working with Arc & Co, with their impressive track record in introducing high-quality clients, always makes the deal more straightforward. This project is a significant development for the area, and we are confident it will boost the local economy. We are proud to be supporting this project and helping make it to fruition.”
Ed Horn-Smith, managing director at Arc & Co. said: “Both the borrower and Ortus have considerable experience in this sector, and as such it has been a great experience to work with them on this facility. We look forward to seeing this exciting project progress.”
The Arc & Co. Group is a specialist asset finance advisory company based in Fitzrovia, 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.
Ortus Secured Finance is a property finance company based in central London, with offices around the UK. It lends from £100,000 to £25million for terms of up to three years, secured over a wide range of residential and commercial property. Ortus Secured Finance has a strong track record of providing financing for complex development projects, and it is committed to helping businesses achieve their growth goals.