Arc & Co. secures £5.85m bridging finance solution with Allica Bank

Marylebone, London

Arc & Co. has successfully arranged a £5.85 million bridging facility with Allica Bank for the acquisition of a prime London asset.

The facility was secured against an office building in Marylebone with planning consent for six luxury apartments. When the borrower was let down at the last minute by another lender, Arc & Co. quickly identified Allica Bank as the ideal funding partner and facilitated an urgent completion within just 18 days.

This transaction showcases Arc & Co.'s expertise in navigating challenging financing situations and tight deadlines, whilst leveraging strong lender relationships. The six-month term was delivered within the required timeframe, allowing the client to proceed with their acquisition plans without delay.

The borrower, who initially met Allica at MIPIM, commented: "In these difficult, uncertain economic times, it was great to deal with a funder who did exactly what they said they would do."

This positive outcome reinforces Arc & Co.'s reputation for connecting clients with reliable financing partners.

Cameron Hayes, Director at Arc & Co., commented: "It's great to get this one funded with Allica. It was imperative that we partnered with a lender that can deliver as execution is key in the current market.

“We're pleased to get another deal across the line with Steve, Jade and the team."

Steve Palfreeman, Business Development Director – Bridging at Allica Bank, added: "This deal is short-term bridging finance at its best. Getting this executed in such a tight timeframe required a real team effort from all parts of the bank, in particular, Jade Lidiard who was the underwriter on this case."

The successful arrangement of this landmark deal demonstrates Arc & Co.'s continued strength in the bridging finance market and their ability to deliver exceptional results for clients, even under challenging circumstances and strict timeframes.