Specialist capital advisory firm Arc & Co. has completed a $5,500,000 equity release secured against a 50m yacht.
The loan completed in record time – an incredible two weeks to the day after the client and lender discussed the offered terms and agreed to proceed with the facility.
In addition to the tight timeframe required by the client, the deal structure and borrower’s circumstances presented several challenges. Arc & Co. leveraged its significant experience in marine financing to negotiate not only the best criteria with the lender, but terms that suited all parties and smoothed the way to completion.
The lender, a family office normally focusing on FinTech investments, took the urgent deadline and complexities in their stride with remarkable speed of execution and diligence.
Their ability to value the yacht in-house was a major contributing factor to completing on time.
The deal was introduced to Arc & Co. by a leading wealth manager and is the second in as many months which the two firms have collaborated on.
Andrew Robinson, Arc & Co. CEO commented:
“This case saw us structure the deal, issue legal documentation, and handle the yacht registers simultaneously to achieve the tight deadline.
“HNW and UHNW clients’ circumstances are rarely straightforward, but 17 years spent financing luxury assets and real estate means that we understand the lending parameters and the hallmarks of a funding provider that can be counted on–even in the most challenging, time sensitive cases.
“Arc & Co. has completed several yacht loans this year, underscoring the increasing requirement for clients to redeploy capital across a variety of investments for best returns.
“With a strong track record in securing these facilities, we welcome the opportunity to work with introducers and direct clients who need reliable, transparent advice.”