Arc&Co. has had the pleasure of working with a very active developer in the Essex regions. Equagroup Ltd have focused on taking advantage of PDR opportunities in Colchester and Braintree. Just over 12 months ago we put in place their development facility for their scheme Oak House, the project is now fully complete and sold within weeks of being on the market.
The Project was funded by Zorin Finance, who have been fully supportive of EquaGroup and their scheme. Zorin’s origination Manager, Henry Wilson-Holt goes on to say, “Our thanks go to Arc&Co. for their hard work and assistance in getting this transaction completed initially. This scheme has now been redeemed ahead of schedule and above Redbook value – this goes to show the quality of projects EquaGroup work on, and the local-market knowledge they have.”
Mark Stokes, Director of EquaGroup states, “We are delighted at EquaGroup with this exclusive development completed to such exacting standards and delivering on its promise to all stakeholders including our funding and investment partners, shareholders and of course the local community.”
Since then they have started work on two different PD projects which are going to PC in early 2019. We pride ourselves on repeat business and working with EquaGroup is a prime example.
Location – Central Colchester
LTGDV – 70%
Loan - £1,462,000