Mayfair-based specialist debt advisor Arc & Co., has recently completed £70 million of loans for the refinancing of 3 prime residential London assets. The loans have a maximum loan-to-value (LTV) ratio of 65% and were all completed in the last month of 2018.
The loans provided refinancing for three development sites in Holland Park, St Johns Wood and Hampstead. The sites comprise a single development unit with a red book value of £50 million, a further single unit with a red book value of £34 million and a multi-unit development site comprising 31 apartments and 4 townhouses, with a red book value of £34 million and aimed at investors and individuals looking to downsize.
The London prime residential property market has been in decline since 2014 with very few lenders supporting the high value market.
To read the full release, please click here
Edward Horn-Smith, Managing Director, Structured Finance - Arc & Co.
T: +44 (0) 20 3205 2126 E: email@example.com