Cameron Hayes, Director at Arc & Co., has secured a £1,550,000 bridging loan for a mixed-use office building in the Southeast.
The transaction was completed with a private landlord looking to enhance returns across their portfolio. The 67.5% LTV facility is for 12 months and is competitively priced on a fixed rate.
The bridging loan is being utilised as an equity release to purchase a new industrial scheme, with planning being sought to convert the office into residential student lets.
Cameron commented:
“The process went very smoothly, completing in just three weeks from legals. Our relationships with private family offices enables us to access capital quickly–which was important to the client in this case.”
Arc & Co. actively searches for the most advantageous debt and equity solutions by leveraging its extensive network of lenders. Our ability to engage with finance providers that are prompt and flexible, as well as competitive in relation to current market demands, continues to provide substantial benefits to our clients.