Arc & Co. Advises on Funding for Limited Company that Owned Both Leasehold and Freehold

Deal:

Client, a very experienced developer, had built a small studio flat in Tunbridge Wells as part of another development. This was unencumbered, and the clients wished to capital raise to go towards their next project.

The primary challenge, it is a small studio flat, and both the freehold and leasehold were held in limited companies. 

Property Value: £130,000

Loan Amount: £97,500  

Solution: 

After three other brokers turned down the chance to fund this deal, Arc & Co. kept persevering and found Gatehouse Bank, a specialist bank, were in a position to provide finance, as they were able to take a view on the wider view on the security and the client.

 

Alistair Hargreaves, Financial Consultant at Arc & Co. said, 

Its key for my clients that I am able to use my experience and knowledge to place a whole range of deals, especially the more complex and unusual ones. Having a  provider such as Gatehouse Bank, is ideal as they are able to underwrite a proposal on its merits, and they will listen to a business case.”

Paul Stockwell, Chief Commercial Officer at Gatehouse Bank, explains,

“At Gatehouse Bank, we believe human underwriting suggests a degree of common sense and flexibility applies — and that’s absolutely essential. It is not a box-ticking exercise and should not just be a computer-based scoring system by another name. This is especially important for customers with more complex circumstances.”

If you wish to learn more about your residential mortgage options, please feel free to contact Alistair.

Alistair Hargreaves
Financial Consultant
Arc & Co.
30 St George Street, London, W1S 2FH
Office: +44 (0) 203 205 2129
Mobile: +44 (0) 796 750 9318
Email: alistair@arcandco.com

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Arc & Co. Structures £7.25M Loan for Trophy Asset in Prime Central London

DEAL:

Arc & Co. structures £7.25M loan for high value trophy asset in Prime Central London.

Loan Amount: £7.25M

Property Value: £14M

Location: Mayfair

Rate: 4% fixed interest rate with 3-year rolled up interest

SOLUTION:

Due to the client having variable income, the loan amount could not be determined by a conventional income multiple. A business plan was drawn up showing the client’s future growth for his business combined with the current retained earnings, allowing us to get to the loan amount desired.

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If you wish to learn more about your residential mortgage options, please feel free to contact our Residential Mortgage team.


Arc & Co.
30 St George Street, London, W1S 2FH
Office: +44 (0) 203 205 2129

Arc & Co. Structures Development Loan for Eco Bungalows in Cornwall

Deal

A ground up development of two 3 bedroom eco bungalows with swimming pool on the North coast of Cornwall close to St Ives Bay.

Loan Amount: £647,500 (100% of the construction costs)

Rate: 4.3% above 3 month LIBOR

LTV: 55% Loan to GDV

Terms: 15 months

 

Solution Provided

The client who is an experienced builder of 35 years with a great portfolio of private projects in the area, had never needed development financing before. He had been quoted an unrealistic facility with high interest that wasn’t suitable for the development by a local broker for a bridge product. After going to a few challenger banks for a small development facility, Julian King secured a solution by choosing to work with Principality Building Society as they are based in Cardiff, which kept the MQS fees to a minimum as well as providing an incredibly competitive interest rate.

David Burrows, Owner of Burrows Construction Ltd, said, “I was introduced to Julian who has successfully helped in sourcing development finance for my project “The Firs”. He was incredibly professional and diligent always keeping me updated with progress as well as guiding me through the application stage and driving the facility through to completion. Julian’s knowledge of the market helped me to raise suitable debt at very competitive prices, his development knowledge also ensured that we streamlined our monitoring processes keeping costs to a minimum. He has become a trusted adviser that I look forward to working with again on my next project.”

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For more information about this deal, please contact Julian King:

Julian King

Asset Finance Advisor

+44 (0) 20 3205 2190  |  m +44 (0) 77 344 57547

julian@arcandco.com

30 St. George Street, Mayfair, London, W1S 2FH

www.arcandco.com

Arc & Co. Advises on £1.38M Loan for Office Conversion into 8 Flats

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Deal Breakdown:

Refurbishment to convert an office block into 8 residential units on Tonbridge High Street.

  • £1.38M

  • 15 months

  • 89% LTC

Solution Provided:

Competitive pricing with Avamore at 0.54% a month at 75% LTC and then bringing in Crowdlords to plug the gap in such short notice.

For any further information, please contact:

Tom Savill

Asset Finance Advisor

+44 (0) 20 3205 2123  |  m +44 (0)798 3400 318

tom@arcandco.com





Arc & Co. Secures £1.7M BTL Refinance for 7 Flats

Arc & Co. Secures £1.7M BTL Refinance for 7 Flats in Chertsey

Deal breakdown:

  • £1,764,000

  • 5 year fixed @ 3.99%

  • 80% LTV

This capital raise enables our client the acquisition of future development sites. 80% LTV mitigates relatively harsh valuation due to lack of up to date comparables.  This allows our client the advantage on a sale to keep the net proceeds.

For any further information, please contact:

Jeremy Robinson

Asset Finance Adviser

+44 (0) 20 3205 2199  |  m +44 (0)7976 737552

jeremy@arcandco.com

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Arc & Co. Completes £2M Residential Loan for International Client

Client: Nigerian resident domicile who works in the oil & gas industry

Requirement: Arc & Co. worked with this client on a refinancing basis and to redeem an existing loan with a lender that had moved away from the African market. The property was however, owned via a Channel Island trust.

Solution: We secured a £2M loan on £3M property at 1.75% over Libor and with an initial redemption of £250,000, with a further £250,000 to come in 6 months. This was over a 5-year period and interest only.

Contact:

Daire Dowling, Managing Director - Arc & Co. Private Finance 

T: +44 (0)20 3205 2196

E: daire@arcandco.com

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Arc & Co.'s Nikita Nigai Featured in Forbes Kazakhstan!

Why the Acquisition of London Property is Still Advantageous and Profitable

‘Currently, the UK finance market can offer a solution for almost every client. If you do not wish to pay a large lump-sum payment straight away, it is worth to think about the mortgage which is being offered nowadays at 1.5% and goes up to 75% LTV with the term from 2 to 35 years. The property, in this case, would be the only collateral. In the past year we have noticed extensive interest from Kazakhs investors, where, in most cases, clients acquired an investment - BTL properties. It should be noted, that sometimes rental income can cover your mortgage interest payments, which is another advantage/argument to use the mortgage today.’
— Nikita Nigai

For further information, please contact Nikita on:

Nikita Nigai
Asset Finance Advisor
Arc & Co. Private Finance   

T: +44 (0)20 3205 2122   
E: nikita@arcandco.com







Arc & Co. Secures Loan for Refurbishment & Ground Up Works for Bungalows in Berkshire

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Arc & Co. advised on the £220K loan for the refurbishment of a bungalow in Berkshire and the ground up development of a new bungalow adjoining to the existing.

Bridge lenders do not favour ground up works, therefore we were keen to collaborate with Think Property Finance who were on hand to help.

This deal was even more interesting as the borrower was able to JV with a land owner who was completely separate from the transaction. We were able to use their land as security.

Tom Savill

Asset Finance Adviser

t: +44 (0) 20 3205 2123

m: +44 (0) 79 8340 0318

tom@arcandco.com

30 St. George Street, Mayfair, London, W1S 2FH

www.arcandco.com

Arc & Co. Secures £600K Bridge Loan for 4-Star Boutique Hotel in Newquay

Nikita Nigai, Financial Advisor at Arc & Co.’s client needed equity release from Newquay Beach Hotel, a boutique 42 room 4-star hotel, to complete its refurbishment. Even though the client did not have any experience in the hotel business, Nikita found a solution. He was able to advise the client to obtain a £600,000 bridge loan against £2,200,000 value with a rate of 0.85% monthly for 8 months with the possibility of a 16-month extension rolled up.  

Newquay Beach Hotel

Newquay Beach Hotel

Contact: 
Nikita Nigai
Asset Finance Advisor
Arc & Co. Private Finance   

T: +44 (0)20 3205 2122   
E: nikita@arcandco.com