Specialist capital advisory Arc & Co. has closed a £3.375m commercial investment loan for the refinancing of a student asset in the Midlands.
The borrower—an experienced investor and developer—approached Arc & Co. to find a more appropriate funding solution to what had already been explored in the market.
Vishal Dixit, Senior Broker at Arc & Co., presented funding options that fit the case and its complexities, which included a complication with the lease structure that required additional legal counsel for the lender to get comfortable.
Vishal commented:
“There is typically a solution for every deal, and the application and case management can make all the difference. We have to advocate for our clients and ensure that lenders fully grasp the proposition.
“Being specialists, we know which lenders will be particularly commercial in their approach to these less straightforward instances.
“Commercial borrowers, especially, need to work with a broker who understands the market and has the necessary experience to source the right lender.”
The facility is for five years at 73% loan to vacant possession value.
Arc & Co. actively searches for the most advantageous debt and equity solutions by leveraging its extensive network of funders. 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.