ARC & CO. DELIVERS 68% LTGDV ON DEVELOPMENT WITH £1.5M-PLUS UNITS

Specialist real estate advisory firm Arc & Co. and Clearwell Capital have completed on a 68% LTGDV facility on a site in Dulwich, London

Arc & Co. and Clearwell worked together to provide a gross loan of £3,265,000 to the developer, whose equity position meant that maximum leverage was required.

While providing the stretched debt, Clearwell was also able to support the high value units—each of the three houses is valued at between £1.5m and £2m.

Particularly in the present environment, it’s commonplace for developers to need to optimise gearing.

Through its unrivalled network and relationships with lending partners, Arc & Co. obtains the desired outcome for its clients, as illustrated in this transaction.

Tom Berry, Director at Arc & Co. said: “Certain lenders find it difficult to support development schemes with high value units.

“However, collaborating with Callum and Harry at Clearwell proved that it can be done—and better still with stretched leverage up to 70% LTGDV.

“It’s hugely positive to see this sort of appetite from funders.”

Callum Ferguson, Head of Business Development at Clearwell Capital, commented: “We are delighted to have completed this development facility with Arc & Co., reinforcing Clearwell’s support for SME property developers in the current climate.

“Following the initial introduction, Tom was extremely professional, communicating effectively with both sides to ensure a smooth completion.

“We look forward to working with the team on future transactions.”