Arc & Co. secures £943k bridge for office acquisition in just two weeks

Sam Beaumont, Asset Finance Advisor at Arc & Co., has successfully arranged a £942,500 bridging loan for a client's property acquisition in Carshalton, following the unexpected withdrawal of their main investor.

The client was initially seeking development finance for an ex-council office building conversion when they were introduced to Arc & Co.

With the deal at risk and only two weeks remaining before the acquisition deadline, Sam took the lead on structuring an urgent funding solution.

Upon reviewing the situation with the borrower, it quickly became clear that completing a development loan within the two-week timeframe would be impossible, so Arc & Co. and the client made the strategic decision to pivot to an urgent bridging solution, ensuring the borrower didn’t lose their site.

The ownership and borrowing structure presented significant challenges, and Sam worked extensively with the lender’s compliance department to navigate these intricacies.

The loan of £942,500 was successfully delivered at a rate of 1% per month, with the entire process completed in just two weeks from start to finish.

The loan was for a term of 12 months, at 65% LTV.

Sam added: "It was satisfying to step in at such short notice on this deal, with the arrangement demonstrating our ability to find workable solutions even under extreme pressure.

“Our tenacity ensured that the client did not lose their site.

“We now look forward to working with the client to develop out the project, which was their original objective.”