Lender appetite slowly returns to super prime London as Arc & Co. complete £16.8m loan

After years of restricted lending in London’s super prime market and with the few lenders prepared to offer loans against large single assets restricting loan to values to less than 50%, Arc & Co. are starting to see green shoots of optimism with a handful of specialist lenders re-entering the market.

Edward Horn-Smith, Managing Director of Arc & Co. Structured Finance, was recently instructed by an existing client to refinance a development loan on a super prime asset in central London.  The loan was completed in just three weeks from professional instruction.

• Ultra Prime High End single unit

• Bridge to sell

• 62.5% LTV

• 7.95% pa (All in rate)

• £16.8m loan amount

Edward Horn-Smith
Managing Director
Arc & Co. Structured Finance
Tel: +44 (0) 20 3205 2126
Mobile: +44 (0) 778 863 2139
Email: edward@arcandco.com

Arc & Co. sponsor the first Private Client Dining event of the year

Private wealth industry professionals from London and other major financial centres are set to gather at a prestigious event hosted by the Private Client Dining (PCD) Club at The Churchill hotel in London on March 8, 2018.

PCD Club describes itself as the premier business networking club for international private wealth professionals around the globe, and its members include recognized industry-leading figures from the legal, banking, investment management, property and finance sectors.

Professionals in London, who advise high net worth individuals, have been invited to attend PCD Club’s dinner in the city on March 8th.  The event will be attended by professionals including lawyers, accountants, trustees, property advisors, investment managers and private bankers who advise private clients on wealth planning, trusts, retirement planning, tax, succession, investment and other key issues.

David Bell, founder of PCD Club, said: “We are delighted to be back in London next month – our London dinners are always a sell-out and we are expecting over 120 professionals at our first event in the capital this year. This event will be a great opportunity for members to make new connections and to expand their professional network and referral sources on an international basis.”

Andrew Robinson, CEO of Arc & Co, added: “Arc & Co is delighted to sponsor the first PCD Club dinner of the year. We have had a long association with the network and have derived business benefit from our membership over this period of time. Sponsorship enables us to amplify our message to a large audience of professionals in a very targeted and efficient way.”

Arc & Co. advise Allies Group on £11 million of funding

Arc & Co. has successfully advised the developer Allies Group, on the acquisition and construction finance for the Clarendon House site in central Reading. The project has planning consent for a permitted development scheme of forty-nine self-contained apartments which will form part of major works on phase 1. Planning for phases 2 and 3 are currently being submitted and this will see the scheme grow to circa one hundred residential apartments.  The design will make it an exemplary addition to the fast-growing Reading town.

To assist with the purchase and development, Arc & Co. structured a facility in excess of £11 million with the opportunity for further funding when the planning consent is approved for phases 2 and 3.

Charlie Armstrong said: “Arc & Co. are delighted to have worked alongside Allies Group to structure the debt for this project and to bring forward a scheme that will no doubt be a fantastic addition to the housing stock in central Reading”.

Mario Luca Balducci, Chairman of Allies Group said: “Arc & Co. understood our business model exceptionally well and provided quick, efficient and effective solutions which were beyond typical structured finance arrangements”.