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.
Daire Dowling, Managing Director - Arc & Co. Private Finance
T: +44 (0)20 3205 2196