Arc & Co. has completed on £85 million of new loans during the past two months, with 24 separate loans arranged with 16 different lenders.
The deals were across a full range of sectors and geographies, including residential mortgages in the UK and Europe, commercial asset refinances, residential development loans and buy-to-let portfolio facilities. Advice was provided by Arc & Co. on a wide spectrum of structures, such as senior debt, mezzanine debt and equity.
Andrew Robinson, chief executive officer of Arc & Co., said: “Summer is traditionally a quiet period for the real estate finance market, but the performance of our team during July and August highlights the ongoing appetite in the marketplace.
“£85 million of transactions – an average lot size of £3.5 million – demonstrates the resilience of the Arc & Co. team in going above and beyond to source finance and finalise deals in a turbulent market. It is also worth nothing the breadth of sectors, structures and geographies that we have worked across during this time. It is a source of great pride that we were able to deliver such strong results over the past two months.
“As we move into Autumn, there is clearly a great deal of demand for finance – and pool of lenders willing and able to provide it – as investors and owners grapple with issues ranging from EPC upgrades and rising development costs to increased interest rate pressures and cover ratio difficulties. We stand ready to help all our clients address the challenges they face, with our trademark innovative approach and commercial focus continuing to deliver results.”