Dieter Kerschbaumer, Asset Finance Advisor at specialist capital advisory firm Arc & Co., has secured a £453,494 development loan for a client building a ground-up single dwelling.
The 47% LTGDV facility is for 12 months and is competitively priced at a fixed 9% p.a.
The transaction—introduced by London Belgravia Brokers—was completed with a privately backed lender that has deep roots in providing development lending.
Dieter commented:
“With the provision of funding being aided by the lender's in-house legal team, everything progressed efficiently. The upfront costs were kept to a minimum, with the loan facility including valuation, legal, and QS fees.
“Although development activity is picking up, borrowers still need to keep costs as low as possible to maximise profits. Working with a lender who is accommodating in this respect is really valuable.”
Arc & Co. consistently seeks out the most favourable debt and equity solutions via its extensive network of lenders. Our ability to access finance providers which are fast and flexible, as well as competitive in line with current requirements, continues to be a huge benefit to our clients.