Arc & Co. arranges a £2.2m bridging loan for mixed-use estate

Tom Berry, Director at specialist capital advisory firm Arc & Co., has secured a bridging loan secured against a mixed-use estate in Tunbridge Wells.

The short-term facility will support the client whilst obtaining planning for development of the site, which is made up of a Grade 2 listed manor with C2 consent and several residential properties in the desirable Tunbridge Wells area.

The borrower, a repeat developer client of Arc & Co, secured the loan of £2,212,471 at 43% LTV for 18 months, priced at a competitive interest rate of 0.89%.

The deal progressed smoothly despite the complexity of the mixed-use nature of the property, with completion achieved within a two-month timeframe from initial application.

Tom commented:

"This transaction highlights our ability to secure competitive funding for complex mixed-use properties that might challenge some lenders.

“Working with repeat clients is always particularly rewarding, as our familiarity with their business model and requirements allows us to identify the most appropriate funding solutions as efficiently as possible.”