Arc & Co. completes 4 CBILS loans with Brydg Capital in 1 week

Arc & Co. completed 4 CBILS loans with Brydg Capital, in the last week of the CBILS being available. All offers were signed prior to the May deadline, requiring completion within 90 days. The last of the 4 loans closed on Wednesday 25th August.

The loans which totalled £16m; were secured against both residential and commercial properties. The debt facilities will provide the borrowers with 12-month interest paid by the scheme to help support their Covid impacted businesses.

Edward Horn Smith, Managing Director at Arc & Co. says, “Arc & Co. offer a top to tail service; not only precuring the best possible finance solution available within the market but also seeing this through until completion. Ensuring these loans drew down prior to the cut off was essential to our clients.”

Daniel Bendavid, Director at Brydg Capital says, "At Brydg, we are uniquely positioned to fund real estate backed transactions with speed and assurance because of our experienced team, long-standing broker relationships, and advanced technologies. We worked closely with Arc & Co to support these businesses impacted by Covid through our accreditation with the UK Government-owned British Business Bank.”

Arc & Co. Completes a £6.5m Loan with Century Capital

Arc & Co. have completed a loan with Century Capital on a prime residential asset with a value of £17.5m in London.

The loan, a £6.5m refinance and equity release was the first deal with Amber Lion Partners, an award-winning family office based in Switzerland.

The client is a Syrian national, resident in Monaco with a BVI ownership structure.

The funds will be utilised for capital expenditure on a hotel development located in Vienna, while Arc & Co. re structure the debt for the entire hotel development which has a total Gross Development Value of £150m.

Andrew Robinson, CEO at Arc & Co. says, “I would like to thank all parties involved in completing this deal, with special thanks to Century Capital, who were quickly able to understand the structure and complex nature of the deal resulting in a swift completion during August.”

Paul Mumford says, “We are pleased to have completed another Arc & Co. transaction on a prime property in Central London. The complex and international nature of the deal was particularly appealing and handled very professionally by Arc & Co. We value the relationship and particularly the proactive and responsive approach of Andrew and his team. At Century we have strong appetite for complex and high-end real estate and understand the often time sensitive nature of finance for entrepreneurs and major business figures.”

Arc & Co. Announce partnership with Reading Abbey Rugby Football Club

Arc & Co. are proud to be partnering with Reading Abbey Rugby Football Club to help make the club a better place for members and the wider community.

For every mortgage Arc & Co arrange for an Abbey RFC member or affiliate, Arc & Co. will contribute towards items that will enhance players and members experience. Arc & Co. have run similar schemes across the country with other communities, raising in excess of £45,000 within 2 years.

The partnership will first fund a state-of-the-art VEO camera for use by all teams. The camera will automatically follow players during matches and training which can later be watched back during analysis sessions and coaching. Gareth Briggs, lead sponsor contact at Arc & Co. said “I look forward to being able to help improve the facilities and equipment of the club in due course.

Gareth Briggs from Arc & Co. played at Abbey RFC for 7 years and will be assisting on mortgage enquiries. We recently completed our first transaction for the club and have received the following feedback.

"After switching from their existing broker, the client commented by saying “Arc & Co. customer service was second to none, being updated on an hourly basis with progress as to our application. As a result of Arc & Co. we secured our move and saved £15,000 in stamp duty fees whilst being able to meet the needs of the chain and exchange quickly”.

ARC & CO. COMPLETES A LAND PAYMENT LOAN WITH CATALYST

 Arc & Co. have completed a development exit bridge on 3 houses in West London with Catalyst.

The developer had an agreement with the land owner that a land payment would be paid 27 days after practical completion. This was not sufficient amount of time to maximise the sales values of the scheme. Arc & Co. arranged an exit bridge with Catalyst to satisfy the land owner and provide the developer with an appropriate amount of time to sell the properties.

Key Figures:

• LTV - 70%

• Gross loan - £1,564,815m

• Net Loan - £1,411,761m

• Interest rate - 0.64%

• Term - 12 months

Tom Berry, Asset Finance Advisor at Arc & Co. says: The speed and diligence Catalyst gave towards the case was great. They picked up this case which had a tight turnaround time and were able to complete in a  4 week period. My thanks go to Josh Hawker and James Parnall for ensuring a swift completion whilst securing a competitive bridging product.

Josh Hawker, Relationship Manager at Catalyst Property Finance says: “It’s been an absolute pleasure to work with Arc & Co on this loan. Tom approached us with an enquiry for £1.56m of Development Exit Finance. The client was an extremely successful property developer, but the case presented some complexities and required a speedy turnaround to funding. I have to say, Tom is one of the most hands on brokers we work with, we spoke daily and, working with our amazing Credit Analyst, James Parnall, we were able to provide the client with the required funding within 4 weeks. A great team effort!”

Arc & Co. structures a new debt facility in excess of £100m for the Ability Group

Arc & Co. structured the loan with an affiliate of Lone Star Real Estate Fund VI. Loan Star has provided a new debt facility in excess of £100m to Ability Hotels to support the re-financing of 4 Hilton Hotels:; Hilton Liverpool, Hilton Dunblane Scotland, Hilton London Syon Park, and Luton Hampton by Hilton.

The Ability Group, headed up by Chairman & CEO Andreas Panayiotou, formed in 1996, have built up a significant presence within the UK and European property markets, across the Residentialresidential, Commercial commercial and Hotel hotel sectors. Ability Group have an existing portfolio of 14 hotels in the UK.

For Lone Star, a leading private equity firm, Tthe transaction represents for Lone Star an opportunity new strategy to enter into the lending market for the UK hospitality sector, providing new liquidity to Hhotel owners in order to support their recovery from the pandemic.

Edward Horn-Smith, Managing Director at Arc & Co.  commented:

“We have seen a recent wave of liquidity from private equity funds and investment banks, who are well positioned with strong appetite to fund operational commercial assets. These funds are plugging the gap of typical bank lenders who have fallen short of the mark. This is the first of several large commercial loans we expect to execute in Q3 and Q4 this year.”

Arc & Co. advises on £20m facility

Cameron Hayes, Asset Finance Advisor at Arc & Co. has successfully arranged an initial £20m per annum equity facility for Industria Resources.

Industria Resources specialise in the conversion of agricultural and other land into land ready for commercial, residential and solar use. The Group aims to promote and construct individual solar projects, targeting an average of 20-30 sites per year. The GreenVolt Group are a 50% shareholder.

The equity investor, a UK-based family office has formed a new joint venture with Industria Resources and will advance an initial investment of £20m. The investment will be used to take sites through the planning process on promotion/option agreements, as well as funding all OPEX costs associated with expanding the business operation. The partnership aims to establish Industria Resources as one of the leading UK developers for large scale ground mounted solar parks and battery systems.

Udo Eisenmenger, CEO GreenVolt Group and MD of Industria Resources commented:

“We were delighted to get this equity facility in place. Cameron was on top of the deal throughout, from the initial introduction and due diligence to establishing the platform for its growth over the next few years. His dedication ensured everything fell into place and we look forward to working with Arc & Co. as our strategy progresses.”

Cameron Hayes commented:

“Great to see this across the line with Industria. Hopefully this will pave the way for Udo and the team to build out a larger portfolio and unlock more sites for solar energy over the coming years.”

The partnership will aim to provide 1-2GW of renewable energy to the UK market within the first few years of establishing – powering energy to c.250,000 homes and businesses. The investment comes at a key time where the renewable energy market is gaining significant momentum and forms part of the Governments strategy in transitioning away from fossil fuels and towards renewable energy solutions. The equity provider is a specialist in providing alternative credit solutions across Renewables, Real Estate and Fintech.

Tom Stephenson joins Arc & Co.

Arc & Co. has further expanded it’s structured finance team, with the addition of Tom Stephenson as Asset Finance Advisor.

“After spending 9 years in professional rugby, Tom transitioned into the financial industry under the Arc & Co. mentoring programme. He gained vital experience in all areas of Structured Finance and rapidly progressed to become an Asset Finance Advisor. Tom’s highly driven and competitive nature, added in with his ever-growing knowledge makes him a great addition to the commercial and development team.” - Andrew Robinson, CEO at Arc & Co.

“I’m very proud and excited to join Arc & Co. who have a strong reputation in the Commercial and Development market, After a decade in professional sport I found Arc & Co.’s mentoring programme to be very supportive which gave me the confidence to make the change.

In order to be successful in professional sport, it is important to have the right culture and team ethos. Arc & Co. have a fantastic team culture, making it a really positive environment to work in. I am looking forward to learn further and add to the great work which is already going on in the team.” - Tom Stephenson, Asset Finance Advisor at Arc & Co.

To connect with Tom, drop him an email at tom.stephenson@arcandco.com

 Welcome to the team Tom!

A broker's trusted track record with a developer can lead to more 'bullish' terms

As part of its weekly virtual roundtable series , Medianett’s managing director, Caron Schreuder, along with West One’s head of development and head of sales for bridging and development, Guy Murray and Michael Grant, led an hour-long conversation around the nuances of deciding which lender and wider team to work with to best ensure a property development’s success.

The panel also included Elise Taylor, finance broker at Aureum Finance; Jason Hoad, CEO at Boutique Capital. and Julian King, asset finance adviser from our Structured Finance Team at Arc & Co.

The full virtual roundtable can be watched here.

Arc & Co. completes on a £2.4m senior development loan to an international borrower to fund 9 residential apartments

Julian King at Arc & Co. has successfully advised on arranging a £2.4m development facility to an international borrower, developing 9 residential apartments with a GDV of £4m in Croydon. Hampshire Trust Bank provided the borrower with a suitable facility, after getting comfortable with the UBO’s borrowing structure. Due to the clients international structure emphasis was put on the source of wealth and in particular how the client generated their wealth previously. When working with international clients, the team at Arc & Co. place an empasis on knowing their client, which is essential to make sure that we as advisors adhere to our regulated status. Strong communication with the whole team at Hampshire Trust Bank, Ronald Fletcher Baker and Arc & Co. ensured we were able to take it through to a swift completion.

The loan provides development finance up to 60% LTGDV to fully fund the construction whilst providing a land advance to support the purchase.

For any further information, please contact:

Julian King

Asset Finance Advisor

E:  julian@arcandco.com

T:  +44 (0) 20 3205 2190

Arc & Co. completes a €14m loan on behalf of a former F1 World Champion

Another deal completed by Judd Cole and a fantastic way to end the week with a €14m loan, refinancing an existing property in France with equity release for the purchase of an apartment in Monaco.

Deal Summary:

• Asset Value 23m euros

• Loan amount - €14m

• Term 5 years

• Interest only

• Margin 1.78 over EURIBOR

• No AUM

Judd Cole from Arc & Co. says:

Thanks to a solid team effort, excellent communications between all parties and a high-degree of accommodation on behalf of the lender and client, we were able to complete this sophisticated international loan structure within tight time constraints.  A win for everyone involved.

Mark Thomas from Balkin Estates says:

I would just like to thank you and the entire team at Arc & Co., especially Judd down here in Monaco who made this amazing transaction happen in organizing the financing for the acquisition of a 350sqm duplex penthouse for a client of mine, a former F1 World Champion.

To say he is “over the moon” to use a footballing term is simply not enough, the client is ecstatic we closed.  The financing solutions offered up by Arc & Co. to provide the 14 million euros finance for this deal were both creative and inventive and allowed the client to acquire the property without placing any equity. Ground breaking. Indeed, this can serve as a potential model for further acquisitions with the right client moving forward.

The deal served as an example of a  superb exemplary team effort exhibited by Arc & Co. and Balkin Estates working together in dealing with a high profile VIP client and their tailor made requirements was exceptional. I look forward to developing our relationship and finding finance solutions for our future Monaco clients together.

For any further information, please contact:

Judd Cole

Asset Finance Advisor

E:  judd@arcandco.com

T: +44 (0) 203 971 2512 (UK)
M: +33 (0) 62986 3609 (France)

Arc & Co. Completes Prime Residential Bridge for £5m GDV Project

Arc & Co. have completed a £2.1m residential refurbishment bridging loan to modernise a forgotten 7,000 sqft prime residential property back to its former glory.

Key figures:      

Loan amount        £2.1m

Leverage               65% LTV

Interest                   1%pcm

Term                      12 months

Located in 8 acres of prime Surrey Countryside, the property is in need of modernisation and has a Gross Development Value of £5m. The transaction was a challenging one with multiple titles and unregistered parcels of land causing issues within the conveyancing process. Given the nature of the asset itself and its high single asset value, finding a suitable funding partner was difficult.

The initial loan is set against 65% LTV which decreases as the work unfolds on site. At practical completion, the LTV will fall to 42% which was one of the contributing factors in the success of funding this project.

“I’m hugely grateful to both Luke Navin and John Wheeler for their diligent, patient and flexible approach in supporting the funding of this unique property. Their knowledge in this sector enabled them to provide the solution my client was looking for and enable an immediate start on site.” - Julian King, Asset Finance Advisor at Arc & Co.

“We were delighted to get this complex loan over the line. Julian King from Arc & Co. was on top of the deal from start to finish, from the initial site visit, to the myriad of complex legal and planning issues, with his dedication to the deal ensuring a quick and easy completion for his client.” - Luke Navin, Head of Lending at Century Capital

For any further information, please contact:

Julian King

Asset Finance Advisor

E:  julian@arcandco.com

T:  +44 (0) 20 3205 2190

Arc & Co. shortlisted for Development Finance Broker of the Year

Arc & Co. are proud to have been shortlisted for Development Finance Broker of the Year in the Business Moneyfacts Awards.

The Business Moneyfacts Awards, is the largest business finance awards ceremony in the UK and one of the highlights of the industry calendar. Rigorous product monitoring is carried out throughout the preceding year, and the broker and business communities are also consulted for their feedback. The Business Moneyfacts Awards logo is a widely recognised badge of excellence, and as a result, past finalists and winners have benefitted their businesses by showcasing their success.

“We are delighted to be shortlisted in the Business Moneyfacts Awards 2021. Thank you to everyone who has supported and worked with us during 2020.” - Edward Horn-Smith

Click Here for the full list of shortlists

Arc & Co. completes over £58m in two months

As we come to the end of the year, I wanted to take the opportunity to summarise our team’s fantastic achievements in the past two months in the busy run up to Christmas.

•             Transactions completed: 26

•             Loan amount total value: £58,800,000

•             Average loan amount: £2,600,000

•             Number of lenders engaged: 19

Despite everything, we have completed some amazing deals in the past couple of months. We are proud of the diversity in our financial solutions and the speed at which we have been able to assist our clients during this challenging year. Thank you to our clients, lending partners and network for making this possible. Wishing you and your families a merry Christmas and a Happy New Year.

Andrew Robinson

Chief Executive Officer

Arc & Co.

Highlights:

Arc & Co. wins Commercial Broker of the Year at the NACFB awards

Arc & Co. arranges £18.4m development loan for English Rose Estates

Arc & Co. podcast with Christian Faes, Co-Founder and Chairman of Lendinvest

The Arc & Co. Private Finance team has welcomed 3 new members of the team: Kevin Eagles, Sean Adams and Ryan Abbotts

Arc & Co. advises on £9.26M development loan for 14 high end flats in Kingswood, Surrey

Arc & Co. pleased to have completed on a £1.3m bridging loan with Century Capital

How can the NACFB Commercial Broker of the Year help your business?

As a fully independent broker, we pride ourselves on being able to understand our clients needs and deliver a bespoke service. Our aim is to find the best financing solution for your business needs, even in the most complex circumstances.

A Bespoke Approach

There is no one approach fits all when it comes to the commercial finance market. Our experienced specialist advisors approach each case on an individual basis to make sure they fully understand the situation and the advice they give is best suited to their client’s needs.

Technical Expertise

Our specialist advisors have in depth experience not only of the financial markets in which we operate but also practical experience of the opportunities and constraints facing our clients. The Arc & Co. team includes individuals that have professional experience with lenders, valuers and developers which combined with vast financial experience, gives us full insight into our client’s needs.

Access to less traditional solutions

Bank lending has become much more restrictive in recent years and the commercial finance market has seen rapid expansion in of lenders and liquidity within the market. We work with our clients to understand not just their short-term needs but also how we can structure a bespoke financing package that is relevant to their long-term business strategy. In doing this we are often able to recommend a more creative solution, taking into account a variety of products that fall outside of traditional bank loan facilities. We go above and beyond one lender’s proposition, considering the whole lending market.

NACFB’s Commercial Broker of the Year

Arc & Co. are incredibly proud to have been named Commercial Broker of the Year in the NACFB awards. Thank you to all our lending partners, industry relationships and clients, without whom this wouldn’t be possible.    

We pride ourselves on being able to provide the most comprehensive advice through our extensive experience and knowledge of the market our strong industry relationships. If you feel your business could benefit from guidance or support from an award-winning firm with expertise in commercial finance, please get in touch here.

Private Finance Case Study: Bridging loan with Century Capital

Arc & Co. is please to have completed on a £1.3m bridging loan with Century Capital.

Background

Our Private Finance team was instructed by a Russian family, who due to poor advice from another source had defaulted on their loans 8 months prior, without a reasonable exit strategy during the pandemic period. The clients were retired, spoke limited English and had a poor credit score which meant they had struggled to find someone to assist them and most lenders were not able to offer the high level of gearing required. Their needs were also not straightforward as the financing was secured on land with three separate dwellings, each let on separate leases. The main aim was to save these main income producing assets and save the client from losing their investment.

Solution

We agreed a reduction of the 8 month default rate to an 8 month standard rate. The lender, Century Capital, agreed to refinance 72% LTV from a 180 day marketing value.

For any further information, please contact:

Nikita Nigai

Financial Advisor

E:  nikita@arcandco.com

T:  +44 (0) 78 3321 1190

Kevin Eagles Joins Arc & Co.

Arc & Co. has further expanded it’s private finance team, with the addition of Kevin Eagles as its newest member

Kevin brings a wealth of experience in banking, starting out with Lloyds Bank and then, for the past 23 years, with C. Hoare & Co.  While his customer portfolio was largely comprised of High Net Worth individuals, he was also the Relationship Manager to a good number of trusts, businesses, landed estates and charities.

“I am very excited to join Arc & Co. and to joining a team already well known for its high level of knowledge, experience, trust and integrity in both the Private Client and Commercial & Development sectors.”

Andrew Robinson says “Kevin brings a wealth of experience to the team and the strength and depth of his relationships will be a great asset to the Arc & Co. team. We are excited to have him on board.”

To connect with Kevin, drop him an email at kevin@arcandco.com.

Welcome to the team Kevin!

Arc & Co arranges £18.4m development loan for English Rose Estates

This week, Arc & Co completed a £18.4m development loan on behalf of English Rose Estates.

The developer required the finance to acquire existing offices and fund the conversion of 154 apartments in Worthing. 

The brokerage was able to secure £14m of senior debt from Brydg Capital and £4.4m of junior debt from Rubicon.

The 77% LTGDV loan had a blended rate of 9%, with an arrangement fee of 1% and exit fee of 1.5%.

“It's been a privilege to act on behalf of our long-standing client, English Rose Estates,” said Edward Horn-Smith, managing director at Arc & Co.

“Brydg and Rubicon showed their experience in this transaction, adapting to unforeseen changes and meeting agreed timelines. 

“I look forward to working with them both again soon.”

David Bendavid, director at Brydg Capital, added: “We are pleased to be working with such a highly experienced developer as English Rose Estates, and continue our ongoing relationship with Arc & Co. 

“Its expertise in structuring this complex deal has been instrumental in successfully completing during a volatile market. 

“Transparent and professional at all times, we look forward to working with them again in the future.”

Ben Fugler, director at English Rose Estates, commented: “We are delighted to have completed on this deal, allowing us to enter the next phase of such a well-located development. 

“The scheme will give the existing building a new lease of life and will provide the area with 154 high quality homes.”

Pullman Construction will be acting as main contractor on the project.

Read this on Development Fiannce Today

If you would like to discuss any of your requirements, please reach out to Edward Horn-Smith.

T: +44 (0) 20 3205 2126

E: edward@arcandco.com

W: www.arcandco.com

Sean Adams joins Arc & Co.

Sean Adams, the newest member of the Private Finance team has joined Arc & Co. this week as Private Finance Director. 

Sean has 25 years experience in property debt. Having originally founded the European Mortgage Company, Sean was director at SPF, running the International mortgage function, before setting up the European Bridging Company, aimed at finding short term debt and capital solutions for private and corporate borrowers.  

He has extensive experience in the UK and European markets, on the private client side as well as within commercial and development finance. Sean will ensure Arc & Co.’s ability to service our clients overall needs on both HNW residential lending and structured finance. 

A keen sportsman, Sean is an avid follower of football and rugby and coaches youth sport in his spare time. In the winter months, if you find he has a foreign ring tone, then he is most likely skiing in the Alps!  

“I am extremely excited to join Arc & Co. in their next phase of growth and I look forward to utilising our combined experience to offer clients a complete and tailored property financing experience through a highly respected brand.” 

Andrew Robinson says, “Sean is the second appointment in our Private Client team within the last four weeks. He brings a wealth of experience which will help combine the expertise of our Private Client team with our award-winning Commercial & Development team. This will further enhance Arc & Co.’s ability to serve all our clients’ debt needs under one roof.” 

To connect with Sean, drop him an email at Sean@arcandco.com. Welcome to the team Sean

Read this on Bridging & Commercial

Arc & Co. advises on £9.26M development loan for 14 high end flats in Kingswood, Surrey

A fantastic start to the month for the Arc & Co. team with the completion of a £9.26M development loan.

Development Loan Breakdown:

·         92% Loan to Cost

·         Blended rate of 8.3%

·         14 luxury apartments on edge of London

Quote from Client

“It was great to work again with Arc & Co. on getting the right finance to enable us to complete on time on another fantastic site, fitting our growth ambitions for this year. This site has really generous floor sizes which we will make the most of using the high specifications that we have successfully used on our previous developments”

Chris Lynch, Director of Kentish Projects.

Quote from Jeremy Robinson

“This is a fantastic scheme by a very experienced developer who delivers great product. It was a pleasure putting together a structured package that enabled the clients to make the most of their equity contribution”

For any further information, please contact:

Jeremy Robinson

Asset Finance Adviser

E:  jeremy@arcandco.com

T:  +44 (0) 20 3205 2199  

Read this on Property Week and Development Finance Today

Ryan Abbotts joins Arc & Co.

Ryan Abbotts, the newest member of the Private Finance team has joined Arc & Co. this week.

Having spent the past 14 years at Coutts & Co and C Hoare & Co, Ryan joins Arc & Co. with a wealth of experience advising High Net Worth individuals in the UK and overseas within Private Banking, Corporate Banking and Wealth Management. He is experienced in delivering effective and tailored financial solutions with the highest standard of service and professional advice.

“I am very excited to join Arc & Co, the prestigious brand and abundance of experience within the team will serve as a great asset in delivering bespoke financial solutions to clients”

Andrew Robinson says, “Over the last decade we have worked very hard to create a brand and reputation that is built on knowledge, experience, trust and integrity in the Private Client sector. We are excited to have Ryan joining the team at Arc & Co. He adds substantial value to the business and enhances our ability to execute our strategy in the private client sector.

To connect with Ryan, drop him an email at Ryan@arcandco.com. Welcome to the team!