Arc & Co. secures £5m sales bridge for 70-apartment development

Cameron Hayes, Director at Arc & Co., has supported a property developer client with a £5m bridging loan.

The scheme comprises 70 apartments, with two thirds sold off-plan.

The 70% LTV facility is for 12 months and will provide the developer with time to sell through the remaining units.

The fact that the developer had successfully exchanged on the majority of the units meant that the lender was comfortable advancing the short-term finance.

Cameron commented:

“Sales and marketing bridges are still a popular funding requirement for developers as the market continues to stabilise.

“Apartments can be tricky to get funding for, and this scheme had the added complexity of ground-floor commercial space that was unfinished and unlet. The lender took a pragmatic view of the deal and the borrower—who had successfully demonstrated his ability to sell the units—and structured their facility to allow for a release of equity on each sale, as well as a competitive margin over base.”

Arc & Co. continues to identify the most competitive short- and long-term financing solutions for clients.

Arc & Co. adds 30 years’ experience to the team with latest hires

Specialist, multi award-winning capital advisory firm Arc & Co has appointed two new Asset Finance Advisors.

Angeline McGeary and Corey Dennis have both joined the growing group of debt and equity experts that make up the Arc & Co. team.

With a strong asset finance and real estate debt advisory background, Angeline brings over 20 years’ experience to Arc & Co. She has successfully guided clients through complex market environments, leveraging her deep expertise to structure funding solutions across various sectors.

Angeline began her career as an IFA, building a strong understanding of financial planning before realising her passion for real estate and moving into asset finance as a broker. Over the years, she has cultivated a reputation for delivering tailored solutions that meet the unique needs of each client.

Corey joins the business after a decade at private bank Handelsbanken, where he gained a wealth of experience working with large corporate clients, HNWs and property companies.

His thorough understanding of the real estate finance market and banking sector, with a specific focus on capital raising, debt restructuring and managing portfolios, makes Corey an excellent fit for his new role at Arc & Co.

Angeline commented:

“I am excited to be joining the team at Arc & Co, known for its commitment to excellence and innovative approach to the industry.

“I am passionate about providing outstanding client service and I very much look forward to contributing to the team by offering customised, competitive solutions for our clients.”

Corey commented:

“Arc & Co’s values and client-centric focus very much align with my own. I am extremely excited to join them in their next phase of growth, where I can develop my skills further and contribute to the team’s success.”

Arc & Co. has hired four new advisors in 2024 so far, as part of a strategy to increase its capacity to service all debt and equity requirements, in all client circumstances. Currently, the team consists of individuals from lending, valuation, quantity surveying, private banking, and family office backgrounds, providing a well-rounded and formidable level of expertise and comfort that Arc & Co. is the broker partner of choice.

Andrew Robinson, CEO, commented:

“We are committed to bolstering our collective skill set with the right people, and welcome Angeline and Corey to the team.

“I look forward to their valuable contribution not only to our scope and growth, but to our daily knowledge sharing discussions. This collaboration is the backbone of Arc & Co. and what helps us set and maintain such a high standard of service.”

Arc & Co. and Close Brothers Property Finance complete £10m development loan

Specialist capital advisory Arc & Co. has secured a £10m development facility for 96 student units in the Southeast.

The funding, provided by Close Brothers Property Finance, is to support a developer with a strong student pipeline and experience in the living sectors.

The 60% LTGDV facility is for 18 months and is priced at a 5% margin.

Close Brothers Property Finance stepped in where another lender was no longer able to advance the funding, working quickly to get the deal over the line. Time was very much of the essence as the developer’s window of delivery needed to align with the 2025 student intake.

Generally speaking, appetite for lending on student schemes can be challenging; delivery timescales, yield assumptions on exit, and operational party concerns make this a specialist asset class, requiring expert involvement from the financial team.  

Cameron Hayes, Director at Arc & Co. who arranged the funding, commented:

“Close Brothers were excellent bringing the financing together in good time. They were able to rely on the reporting by the existing valuer and PMS, and were happy to instruct solicitors pre-credit, to get the funding completed on time.”

Lee Daniel, Business Development Director at Close Brothers Property Finance, said:

“Cameron provided a detailed overview of the client’s proposal and valuable input throughout, to ensure this transaction completed within six weeks of Credit approval.”

Arc & Co. is experiencing an increased level of ground-up development funding enquiries, as market conditions continue to stabilise and developers re-commit to building.

Arc & Co. navigates complex legal process to secure £910k developer exit bridge

Sam Beaumont, advisor at Arc & Co., has completed a £910,000 development exit loan secured on a newly refurbished property in Notting Hill.

The facility is at 70% LTV for 12 months, with interest retained at 0.79% pcm. The transaction was completed in less than two months.

Due to the borrowers currently being based in Sri Lanka and Australia, respectively, legal undertakings were complex and a signing process involving witnesses on video was required in order to satisfy the lender’s requirements.

The client, who has multiple business interests and a small property portfolio, was seeking to release equity for cashflow purposes. Their incumbent bank would not facilitate the release of equity from assets, which led Sam to explore a flexible solution via a specialist property lender.

Sam commented:

“The client has a prolific venture capital business, and operations across the UK, Sri Lanka and Australia. The fact that they were abroad during the process meant that we needed to expertly handle the legal aspects which were myriad and complex.

“It is in these sorts of circumstances that it helps immensely to work with counterparties that understand the nature of bridging and the need for speed, in spite of the hurdles.”

Arc & Co. secures £840k bridging loan for hotel client

Specialist capital advisory Arc & Co. has completed a commercial bridging transaction with property lender MT Finance, to support a client with additional funds.

Through a new funding arrangement, Nikita Nigai, Head of International Clients at Arc & Co., increased the original loan with MT Finance, extended the term, and released some equity for renovation works.

The 12-month facility was at 60% LTV.

Due to a lack of available transactional data, the hotel – based in Newquay – was subject to a down valuation during the course of the application, which added a level of complexity.

Nikita and the client managed to appeal the valuation, using nearby hotels to make their case, and got it as close to the original figure as possible.

Nikita commented:

“MT Finance were extremely helpful, supporting the client’s position on the asset’s value.

“Fortunately, the client and I acted as a team to provide the necessary evidence, improve the value as much as we could, and achieve a favourable outcome for the borrower.”

Arc & Co. supports existing client with £9.2m office loan

Specialist capital advisory firm Arc & Co. has completed a £9.3m funding package for a returning investor client.

The funding comprises a £7m acquisition bridge, provided by specialist lender Octane Capital, and a £2.3m VAT loan from Adsum.

The borrower, an experienced investor with a strong business strategy, is using the bridging loan to purchase an office asset in SW London at 65% LTV.

The client intends to obtain permission for change of use.  

Octane Capital funded the 18-month bridging loan at 4.56% over base (no floor) and, together with Edward Horn Smith, Managing Director at Arc & Co., completed the transaction in just four weeks.

Edward also secured a VAT loan from Adsum to cover the borrower’s VAT requirements in connection with the purchase.

Edward commented:

“It was a pleasure working with two lenders who acted so quickly and seamlessly to execute a fantastic outcome for our client.

“Octane continues to be a lender which prioritises communication and delivers solutions, which is paramount for us to be able to rely on. To complete in just four weeks is testament to excellent teamwork on all sides.

“The deal underscores the fact that office is a sector that is hugely important for us; the demand for funding to acquire, uplift, and asset manage will undoubtedly remain strong for the next 12-18 months.”

The deal was worked on at Octane Capital by Senior BDM Shrena Patel and Head of Structured Finance Alex Tyrwhitt.

Alex commented:

“Another great opportunity to work with Ed Horn-Smith at Arc & Co. on this £7m urgent bridge on a fantastic commercial acquisition—underwritten and paid out in under a month.

“Huge thanks to Ed for all his efforts throughout the process and for keeping all parties focused. Big thanks also to Seray Kitchingham, Daniel Baker and all the team at Weightmans for their usual diligence and efficiency, and to Patrick Kearon from Colliers for a quick turnaround and great responsiveness throughout.”

Arc & Co. closes €10m loan on new-build yacht

Judd Cole, Arc & Co. Director in Southern Europe, has completed an equity release transaction of €10m, secured against a 34-meter new-build motor yacht.

The 48-month facility, provided by German bank AKF with no AUM required, will enable the European borrower to release funds for investment purposes.

Judd commented:

“One of the big challenges with this case was registering in a jurisdiction that would make the yacht eligible for financing. 

“AKF were highly efficient and flexible in assisting with this aspect, and once everything was in place, they were able to move forward quite quickly in providing the loan”

Arc & Co. arranges £1.1m BMV acquisition bridge

Working together for the second time, Vishal Dixit, senior broker at Arc & Co., has secured funding for a seasoned investor client to acquire a small portfolio of below-market value properties.

The borrower required £1.125m as a bridging loan to purchase the asset, which he intends to refinance onto longer term debt once works have been completed to increase the value.

The loan – provided by Ultimate Finance– represented 75% LTV and 95% of purchase price.

“The seller was offloading assets, providing an excellent opportunity for my client to get a great deal to add to his already significant portfolio.

“Bridging remains an excellent tool for scenarios in which the buyer has to act quickly and obtain maximum leverage.” – Vishal commented

Arc & Co. and Tuscan Capital complete funding of £6.7 million high-leverage deal for luxury properties in Cheshire

Arc & Co. introduced the £6.7 million transaction for five luxury, multi-unit residential properties in Cheshire.

This transaction was completed at 75% LTV by specialist property lender Tuscan, known for its expertise in high-leverage funding.

The purpose of the loan was to repay the existing lender and raise finance to complete another scheme within the developer’s portfolio. Some of the properties were funded pre-practical completion, with multiple exchanges and offers already secured.

The client, an experienced developer active in the region since 2010, faced delays due to supply chain issues and rising material and other costs over the past two years.

Tuscan’s flexible approach enabled the developer to refinance the existing lender and gain time to sell the units, providing a tailored financial solution.

Cameron Hayes, Director at Arc & Co. said:

“Despite a recovering sales market and the relative stabilisation of the issues which have plagued developers for the last few years, there remain clients who need to refinance or consolidate their debt on projects or portfolios that have been impacted.

“It's vital to have the support of commercially minded lenders like Tuscan, who are willing to provide higher leverage to borrowers that require it.

“We are there for our clients throughout the various market cycles, and Tuscan have proven to be a funding partner who aligns with that commitment."

Stephen Palfreeman, Associate Director at Tuscan Capital, commented:

“When receiving a deal involving multiple properties before practical completion, it is vital to get a good background and information flow of what the situation is. Arc & Co always put together a detailed and thorough submission when sending in their deals, and this one in particular allowed us to shape our view of the deal at an early stage. We specialise in high leverage solutions for developers, and offering 75% LTV (not being restricted to 90/180-day figures) allowed the client to refinance the existing lender and give time to sell the units. We have worked with the Arc & Co team for a number of years and look forward to completing more deals over the next few months together.”

Colin Sanders, CEO at Tuscan Capital, added:

“Our product range has allowed us to compete across a broad range of deals this year. Our development exit proposition has been used to particularly good effect with many developers needing to recalibrate their funding structure. By refinancing senior development debt and investor’s equity or Mezz, our development exit bridge provides the time required for developers to maximise the sales of the finished product without being penalised by an overdue capital stack. This deal is a perfect example, which given the quality of the finish and its location has already proved to be in high demand and is likely to sell well above valuation.”

Arc & Co. completes £4.8m JV funding package

Arc & Co. director Cameron Hayes has arranged two loans totalling £4.8m to support a property developer in Hampshire with a project of five detached houses.

The senior development facility of £3.7m is being funded by a challenger bank and is paired with £1.1m in capital from a JV equity partner.

Pricing on the 65% LTGDV senior loan is 4.5% + BBR. The equity portion was charged at 7% priority return and a simple profit share in favour of the sponsor.

The equity partner provided 100% of the net LTV, fully funding the construction costs, land purchase, and covered all the client’s associated costs, including legal and valuation fees upon completion.

This transaction is the first in a series of strategic joint ventures between the two parties, targeting small housing sites throughout the UK.

The client has a good track record of pre-sales, having sold similar sites before practical completion on each occasion.

Cameron commented:

“The JV partner is extremely well capitalised, focusing on working with experienced developers on residential sites.

“We are pleased to expand the client’s funding relations and establish the partnership between both businesses.

“For many developers, equity remains constrained, so it’s vital to work with an advisor that has the necessary relationships at all levels of the funding stack to get deals over the line.”

Arc & Co. completes £5.8m serviced office investment loan

Arc & Co. has secured a £5.8m investment facility to support a repeat borrower in refinancing their existing debt—the most recent in a series of office transactions completed by the specialist capital advisory firm

The asset is a serviced office located in Devon, set in 70 acres of land and comprising 14 buildings and 150,000 sqft of income producing space.

The client needed to refinance their existing facility and move from a variable to a fixed rate to improve cashflow.

Cameron Hayes, director at Arc & Co., partnered with a private bank to obtain 55% LTV and fixed pricing of 6.65% for the full five-year term.

Despite the lack of long-term leases in place, the volume of and overall diversity of tenants meant that Arc & Co. was able to provide sufficient comfort to the lender. Relying on private banks who display this sort of commercial approach is becoming increasingly necessary to support this sector.

Cameron commented:

“Funding for regional serviced offices is not typically forthcoming, so it was a pleasure to work closely with a funder who not only displays an appetite for this asset class, but pricing that is very attractive.

“Arc & Co. is working hard in this part of the market, backed by lenders who understand and can get behind these deals. We see these sorts of transactions growing over the coming months as investors look to refinance, reposition, and undertake brown-to-green strategies.”

Arc & Co. teams up with Tuscan on £3.2m development exit loan

Arc & Co. and specialist property lender Tuscan Capital have arranged to fund a £3.2m exit bridge for a developer in need of more time to sell.

Interest on the 75% LTV facility is part rolled-up, part serviced in order to maximise leverage for the borrower.

Cameron Hayes, director at Arc & Co. and lead advisor on the deal, achieved pricing of 1% pcm for the facility and completed the transaction within a very efficient timeframe to enable repayment of the incumbent lender.

The client is targeting a strategy of selling through some of the units before refinancing onto a BTL with a specialist lender.

Cameron commented:

“Bridging for developers has really come to the fore in the last 18 months, providing a good short-term refinancing option for schemes that require more time to sell. Tuscan are quick and communicative, and together we’ve structured a solution for a borrower who may otherwise have further eroded their equity due to escalating development finance costs.”

Arc & Co. arranges £1.9m rolled-up mortgage facility

Gareth Briggs, Head of Residential UK at specialist capital advisory Arc & Co., has secured a £1.9m residential mortgage on a rolled-up interest basis, fixed for three years.

The borrowers are a couple in their 60s, who are both entrepreneurial and did not reflect significant drawings from their businesses. By having the interest rolled-up, this allowed the pair to keep their assets and pensions intact.

The five-year mortgage is priced at a fixed rate of 6.3% for three years, and is secured on a property in Kensington, London, with a value of £3.1m.

Gareth comments:

“We’re pleased to have managed to arrange this facility in a tax efficient way for the borrowers. Having excellent knowledge of the lenders whose flexibility can support this type of interest structure is of paramount importance when advising on non-standard cases. Butterfield really delivered.”

Wendy Scott, Senior Business Development Manager at Butterfield comments:

“I thoroughly enjoyed working with Gareth and the Arc & Co team to find a solution for such interesting borrowers; at BML we strive to assist HNW clients who often have complex needs.”

Arc & Co. partners with Delancey on £15.7m office acquisition loan

Specialist capital advisory Arc & Co. has secured a £15.7m acquisition loan to fund the purchase of an office in Farringdon, London.

The 24-month facility is provided by Delancey Real Estate, who were flexible in their approach to this higher leverage requirement. Farringdon is a strong office location currently undergoing wider regeneration which supports underlying rental demand.

Philip Kay, director at Arc & Co., commented: “The client managed to secure the acquisition of the office building at a very favourable entry level, which enabled flexible structuring with Delancey.

“We are pleased to have concluded on yet another successful office transaction, with a client whose investment strategy is targeted at strong London locations with an end goal of repositioning commercial assets to best-in-class.

“Understanding their business plan and Delancey’s positive appetite for this sort of project meant that we were able to secure an ideal outcome in what remains a challenging environment.”

Commenting on the announcement, Martin Kom, Director of Real Estate Strategies at Delancey, said: "We continue to have high conviction in central London offices, as demonstrated by our recent financing activity and remain relationship-led in our approach, so are pleased to be working with a high-quality sponsor like ZCS 2. The polarisation taking place within the office market is causing many lenders to withdraw entirely, creating an opening for us to step in. However, we see the shift towards private debt being structural and not purely cyclical, and real estate credit as a whole, will be a longer-term strategy for us.”

Farid Alizadeh from ZCS added, “Farringdon provides another opportunity to add to our growing portfolio of central London offices. We value our ongoing relationship with Delancey and trust their expertise in structuring deals that support our ambitious growth plans of acquiring £500m of central London offices within the next 24 months. It is a real joy to work with a lender who also has a sophisticated background in understanding the dynamics of investing in central London. Delancey as always were quick, honourable and a pleasure to work with.”

Broadwood Capital and Arc & Co arrange £7.5M care sector loan

Broadwood Capital, alternative lender to real estate investors and developers in the UK, has completed a £7.3mn loan arranged and structured by specialist capital advisor Arc & Co.

The three-year funding package to The Stepping Stone Group was split into two loans and secured by an existing operating care home and adjoining site with consent to deliver retirement living units in Nynehead, Somerset.

Nynehead Court is a one of the longest standing care homes in the UK and provides 42 beds in a magnificent Grade II listed building set in 13 acres of tended parkland and gardens. The adjoining Nynehead Court Farm site has full planning consent to initially deliver 6 retirement living units and potential to extend this to further units at a later date.

With an average LTV of 72.5%, an initial loan was used to repay three existing lenders, with a second facility available to fund the construction of the retirement living units when development commences at the end of the summer.

Andrew Robinson, Arc & Co. CEO and lead advisor on the case, commented: “This was a complex transaction, involving three outgoing lenders and an asset class which is widely accepted as difficult to secure funding for at present.  We worked closely with the client and Dan at Broadwood to find a solution which maximised the strong cashflows from Nynehead Cout Care Home to provide the required leverage to develop out the Court Farm site, all whilst managing the outgoing lenders’ position and expectations. Broadwood are specialists in the care sector, and that understanding of the asset class meant that we could come together to find a solution that resulted in best outcomes for all parties.”

Dan Smith, CEO of Broadwood Capital commented: “The Later Living sector remains a key focus for Broadwood Capital. The aging demographic in the UK continues to create huge pressures on a sector which is undersupplied. Broadwood is seeking to support developers, investors and operators through our depth of understanding, experience and creative and solutions oriented approach to loan structuring.”

Dan continued, “We are looking forward to working with John Bailey and his team at The Stepping Stone Group and supporting their plans to improve and expand Nynehead Court Care Home and develop out later living units on the Court Farm site, delivering essential care beds and retirement living units.”

John Bailey, founder and owner of The Stepping Stone Group commented: “we were delighted with the advice and solution provided by Arc. & Co and the funding package delivered by Broadwood Capital. This was a long and complex process given the nature of the underlying property and the parties involved. Dan’s creativity, understanding of the care sector and experience in development, along with his patience, was key to unlocking the financing required for us to take Nynehead Court Care Home and Court Farm to the next stage of their development.

Arc & Co. completes £1.15m sustainable investment loan

Arc & Co. advisor Sam Beaumont arranged the five-year facility with a Handelsbanken, secured against a nine-bedroom multi-unit freehold block.

£1m of the first charge loan was used to refinance the existing debt, and £150k was released as equity for cashflow purposes.

EPCs for all the properties were highly rated, making the loan eligible for Handelsbanken’s Sustainable Loan discount.

There was a tight timescale due to an external deadline and despite a few last minute challenges with respect to the property, Sam acted quickly, mediating effectively between the client and the bank.

Sam commented:  

“It was a pleasure working with Handelsbanken to secure this loan for the client, a family trust with a large BTL portfolio. 

“Due to the complexity of the trust structure, we had to carefully structure a deal which worked for the borrower. Philip [Hodgson] and the team were very understanding and flexible, allowing us to get there in the end. 

“Additionally, it’s great to see lenders like Handelsbanken supporting eco-conscious borrowers through incentivised loan criteria.”

Arc & Co. continues to grow advisory team with appointment of Laura Jane McCauley

Its second hire in as many weeks, specialist capital advisory firm Arc & Co. has appointed Laura Jane McCauley to its team of advisors. 

Laura spent five and a half years in private banking at top Swiss bank Julius Baer, occupying several client-facing roles, including credit and complex structuring.  

She has also worked as a broker at a Mayfair firm, where she structured and arranged development, mezzanine and bridging finance.  

Laura commented:  

“I’m very excited and proud to be joining Arc & Co., a firm I have held in high esteem since my initial start in property finance.  

“Its reputation of successful complex deal completions, as well as impeccable attention to client service, mirrors my own strengths and values, and I look forward to bringing my breadth of experience across property finance, private banking and luxury assets to the team.” 

Laura has grown her network through a variety of industry events and will be applying this approach to further enrich Arc & Co.’s deep client and lender relationships.

She has a particular interest in eco-friendly and sustainable property projects and looks forward to continuing to raise awareness and generate business in this part of the sector.

With Laura, the Arc & Co. advisor team now stands at 16.

Andrew Robinson, CEO, commented: “Our team is growing, and it’s important to us to do this in a way that represents how we see the market evolving.

“Laura’s experience in family office and wealth management is integral to supporting the wide range of client requirements we have.

“In addition, her enthusiasm and attitude to business development are attributes we know will add huge value to the team and our ongoing success.”

Arc & Co. and Together partner on £4.9m of lending to developer client

The funding package comprises a bridging loan for the acquisition of a prestigious property in central Manchester, and a development loan to finance its renovation

Working together for the first time, specialist debt advisory firm Arc & Co. and property lender Together have completed on two loans, supporting a developer with a £1.5m bridge and £3.4m development facility.

The central Manchester property is made up of commercial space as well as basement accommodation, and the funds will be used for its purchase and renovation over the next 24 months.

The client intends to convert the building—which already has planning in place for change of use—into modern, high-quality serviced office space,

Cameron Hayes, Director at Arc & Co., commented:

“We’re pleased to have advised on and completed the funding for this office development, for a client who is actively looking to grow in the best-in-class commercial space.

“We look forward to working them on their continued journey to deliver quality serviced office space in key cities like Manchester.

“It was our first transaction with Together, and we’re very happy with the outcome. Their team have been fantastic to work with, and we hope to build a long and fruitful relationship for the future.”

Marc Goldberg, CEO sales and distribution at Together, said:

“This area is a real gem of central Manchester, and we are delighted to be able to help the borrower with this acquisition.

“Working alongside Arc & Co., we have been able to navigate a financial plan that works best for all parties involved. They have been brilliant throughout, and we hope to continue working with them in the future on more exciting projects.”

Arc & Co. grows advisory team with appointment of Andrey Redman

Andrey Redman joins the specialist capital advisory firm as a Director

Andrey has over 15 years’ experience specialising in capital advisory and finance raising—both debt and equity—and has spent the last several years focussed on real estate.

He has a background in economics and management, and has occupied significant roles at Wimmer Family Office, Knight Frank, and PwC including Debt and Capital Advisory and M&A.

Andrey commented: “The full lifecycle of real estate projects from land acquisition to stabilisation—including situations of financial distress in various asset classes—is very familiar territory for me, and I am excited to be a part of a team that is well known for its end-to-end approach.

“I look forward to my track record in executing complex projects, structuring deals, formulating business strategies and leading teams to deliver on business objectives bringing a wealth of value to Arc & Co’s clients.”

Andrey will use his network and knowledge of the sector to create and nurture relationships and opportunities between equity investors, lenders, and clients, building on the extensive group of funding partners the firm has close access to.

Andrew Robinson, CEO at Arc & Co., stated: “In line with our growth plans and commitment to expanding our team with seasoned professionals who understand our markets, we are delighted to welcome Andrey on board.

“His experience covers a broad range of geographies and asset classes, demonstrating his adaptability and global perspective.

“Andrey’s appointment supports our objective to be at the forefront of advice within the debt and equity markets, delivered by a team of dedicated, best-in-class experts.”

Arc & Co. and Alternative Bridging Corporation arrange two loans in just 10 days

Specialist debt advisory firm Arc & Co. has completed two short-term loans for a borrower seeking to release capital and complete a commercial-to-residential conversion.

Sam Beaumont, advisor at Arc & Co., dealt swiftly with Alternative Bridging Corporation—the lender which funded both loans—to get the transaction over the line.

An Alternative Overdraft facility of £245k was secured against an unencumbered residential property for 24 months, providing the borrower access to multiple drawdowns on demand which can be repaid or redrawn repeatedly.

A 12-month refurbishment loan of £560k was used to finance the acquisition and conversion of a clinic into a three-bedroom house.

Sam commented: “It was imperative that the transaction completed quickly, and it was refreshing to work with a lender who leapt into action.

“The funding package we structured met the needs of the client, and I am confident that we have put together a solution that demonstrates the power of understanding lender appetite and pragmatism.”

Taylor Osunsedo, BDM at Alternative Bridging Corporation, said: “I instantly understood the urgency of the situation and the team and I were quick to get the ball rolling to meet the client’s deadlines.

“I find it rewarding to see that we enabled the client to proceed with their project without any further unnecessary delays.

“I'd like to extend my appreciation to Sam, and everyone involved, for supporting us to complete both loans in just 10 days total. This case was our first together and I look forward to building on the relationship.”