Arc & Co. wins Pan Finance Awards UK Capital Advisory Firm of the Year

We are delighted to announce that Arc & Co. has won the title of UK Capital Advisory of the Year at the most recent Pan Finance Awards. 

The awards have been “established to be a true measure of excellence . . . [that] look beyond the realm of the balance sheet alone, measuring success through innovation, stewardship of the environment and positive impact on society.”

CEO Andrew Robinson commented “We are honoured to win this award. Our goal in 2024 was to lean into our capabilities as a true capital advisory, providing an end-to-end service to our clients, and leveraging the incredible experience within our team. 

“In today’s climate, genuine advice is paramount in order to arrive at the right funding solution, one that takes into account not only the present requirement but its impact on the client and business’s future objectives. We believe Arc & Co. embodies that approach.

“Congratulations to the Arc & Co. team and thank you to Pan Finance for appreciating our work.”

We wish to extend our sincere appreciation to all the lenders and funds with whom we have worked closely during this period. 

Pan Finance is a trusted source of global financial intelligence with a readership base of +200,000 across 150 countries. With offices in London, Lagos, Barcelona, Miami & Sharjah and a distribution network in Europe, Middle East, Africa, LATAM, North America and Asia, our ecosystem includes a quarterly magazine (online and print), special reports, a financial news website, and other media channels. As an organisation, we are dedicated to providing concise, intelligible, and up-to-date news for our worldwide readership.

Looking ahead, Arc & Co. is committed to preserving its reputation as a leader in broker quality, pursuing excellence in a dynamic financial landscape, and enhancing our partnerships with all stakeholders. 

Arc & Co. refinances Acton project with £3.85m senior and mezzanine funding package

Specialist debt and equity advisory firm Arc & Co. has completed a complex development facility for a pre-existing site in Acton.

Sam Beaumont, Advisor at Arc & Co., has secured a loan of £3.85 million for the development of 8 flats—split into £2.99 million of senior debt and a £857,000 mezzanine loan.

Across the funding package, Sam achieved 83% LTGDV, covering off most of the costs for the borrower, an experienced London developer and repeat client of Arc & Co.

As part of the structuring, the mezzanine funder also took equitable charges in order to satisfy the LTV required. Sam sought the best lender pairing and most competitive pricing possible for this high leverage case.

Over the course of seven months, Sam took on a central role in the transaction and kept the deal on track, specifically in regard to the communication between solicitors.

Despite the challenges, the development facility of £2.9m was delivered at 65% LTGDV for 18 months, with the top-up mezzanine loan of £857,000 at 83% LTGDV for 12 months.

Sam commented:

“Finding a suitable mezzanine or equity partner was a very long process that included many calls and introductions between parties. Although Arc & Co. has a sizeable network of providers to tap into, every case and borrower is unique and we always conduct a full and thorough tender to find the most appropriate funder for the specific circumstances at hand.

“We’re pleased to have paired two lenders who have a good relationship—often an inherent challenge when working with more than one provider in the capital stack—and who could come together to support our client with the necessary funding.

“Overall, the solution will see the client able to complete the project and maintain their equity position.”

Arc & Co. actively searches for the most competitive development, mezzanine, and equity solutions by leveraging its extensive network of lenders. Our ability to engage with finance providers that are prompt and flexible continues to provide substantial benefits to our clients.

Arc & Co. secures bridging loan in just 15 days for 75-year-old borrower

Dieter Kerschbaumer, Asset Finance Advisor at Arc & Co., has completed a bridging loan for the purchase of an auction property in Devon in just 15 working days.

The borrower, who is 75 years old, bought the asset to refurbish and sell for a profit.

Dieter worked closely with the client to find a specialist lender who not would not only act fast but was comfortable with the age of the borrower—something which not all funding providers can get behind.

In addition, the chosen lender—a private bridging funder which is known for being very hands-on—included the legal costs associated with the facility in the loan, saving the client upfront fees.

The 65% LTV loan is for 18 months and priced competitively at 0.79% pcm.

Arc & Co. achieves record turnaround time in complex $5.5m equity release case

Specialist capital advisory firm Arc & Co. has completed a $5,500,000 equity release secured against a 50m yacht.

The loan completed in record time – an incredible two weeks to the day after the client and lender discussed the offered terms and agreed to proceed with the facility.

In addition to the tight timeframe required by the client, the deal structure and borrower’s circumstances presented several challenges. Arc & Co. leveraged its significant experience in marine financing to negotiate not only the best criteria with the lender, but terms that suited all parties and smoothed the way to completion.

The lender, a family office normally focusing on FinTech investments, took the urgent deadline and complexities in their stride with remarkable speed of execution and diligence. 

Their ability to value the yacht in-house was a major contributing factor to completing on time.

The deal was introduced to Arc & Co. by a leading wealth manager and is the second in as many months which the two firms have collaborated on.

Andrew Robinson, Arc & Co. CEO commented:

“This case saw us structure the deal, issue legal documentation, and handle the yacht registers simultaneously to achieve the tight deadline.

“HNW and UHNW clients’ circumstances are rarely straightforward, but 17 years spent financing luxury assets and real estate means that we understand the lending parameters and the hallmarks of a funding provider that can be counted on–even in the most challenging, time sensitive cases.

“Arc & Co. has completed several yacht loans this year, underscoring the increasing requirement for clients to redeploy capital across a variety of investments for best returns. 

“With a strong track record in securing these facilities, we welcome the opportunity to work with introducers and direct clients who need reliable, transparent advice.”

Arc & Co. and Quantum team up on £4.7m loan for housing development in Cambridge

Specialist capital advisory firm Arc & Co. has recently completed a new development loan with Quantum Development Finance for a scheme in Cambridgeshire. 

Tom Berry, Director at Arc & Co., has secured a loan of £4.76 million for the development of eight houses—including several barn conversions, one of which is grade-listed property.

The funds from Quantum are assisting with the land purchase and covering all costs associated with the build.

The site was originally owned by a local farmer who was looking to sell the site with planning to the client, a Cambridge-based developer. All parties had to navigate a complex overage agreement, multiple plot titles, and a lease agreement.

Despite the complexities, the case was delivered at 65% LTGDV by Quantum and Arc & Co. The developer has now begun construction and will be looking to achieve practical completion by 2026.

Tom commented: 

“The Quantum team understood the underlying legal complexities and took a commercial approach to progressing the finance. Quantum are a new introduction to our client, and we look forward to seeing the relationship flourish.”

Mike Jessop, Lending Director at Quantum Development Finance, said:

“We were delighted to provide this funding package for an experienced SME developer with a strong regional presence. 

“The due diligence process was not without its complexities; however, it serves as a great example of how a lender, client and introducer can all work together to find a solution that works for everyone. 

“It was a pleasure to work with Tom and the Arc & Co. team on this transaction – they're a commercial, relationship-led organisation just like QDF. We look forward to supporting the client on this development and upcoming projects.”

Arc & Co. secures £4.2m for Southeast estate development

Cameron Hayes, Director at specialist capital advisory firm Arc & Co., arranged the £4.2m debt facility, which marks the second deal between the lender and client. Cameron first assisted the borrower with a bridge earlier this year.

The loan is for a residential scheme in the Southeast that was originally acquired with a land bridge and has now been refinanced onto the development loan to carry out the works needed to transform the estate into a collection of apartments.

As well as driving the legal process to ensure a timely completion, Cameron also negotiated with the lender to allow the borrower to use their existing QS. The loan closed in under two months.

This case is a good example of Cameron and the borrower—an experienced developer in the region—having a strong relationship that is resulting in repeat transactions, not only because of the effective lender pairing but because of Cameron’s understanding of the project’s lifecycle.

The 65% LTGDV is at a sub-5% margin for 18 months.

Cameron commented:

“Typically, it’s more difficult to get funding for apartment schemes over houses—especially prime regional units—but in this case the number of units was to our benefit, alongside the fact we were working with a developer who had great experience both in the local and residential market.

“Having the knowledge and skills to seamlessly take a client from one facility to another, as part of their wider business plan, saves the borrower time and money in the long run–and makes for an overall more productive journey.”

Arc & Co. completes £4.7m development loan for award-nominated project

Sam Beaumont, Advisor at specialist capital advisory firm Arc & Co., has recently closed a £4.7m development loan for a ground-up development in Macclesfield.

The award-nominated scheme is a 2.5-acre development “designed with sustainability at its heart” and comprises 15 new homes that will sit alongside a unique, flexible workspace, with both private offices and co-working space. 

A farm shop providing stalls for local, independent vendors will also form part of the project—a welcome addition to Henbury, according to residents at the public consultation.

The 70% LTGDV facility is for a term of 20 months, priced at 5.65% plus base rate. 

The developer—a family business which has an impressive track record in the Northwest and which carries out all construction in-house—had not worked with a broker before engaging with Arc & Co., having previously dealt directly with lenders and therefore not experienced the value afforded by using an advisor.

Sam proposed and secured a stretched senior option which suited the client better than a senior facility combined with a mezzanine loan. This structure meant fewer fees and one less party involved in the transaction. 

The chosen lender not only completed faster than the incumbent one could refinance the loan but was flexible in adding the borrower’s preferred valuer and PMS to its panel—a condition Sam negotiated on behalf of the client. 

Sam commented:

“It was fantastic to win this developer’s business, despite their existing relationships with funding providers. Our understanding and expertise really came to the fore and added a huge amount of value to the ultimate outcome.

“The deal structure underwent several changes throughout the process, but the lender took a pragmatic approach and worked well with all parties to achieve this outcome.

“It’s exciting to negotiate a deal for an award nominated development, and I look forward to seeing the final product, as well as hopefully working with both the client and borrower again in the future.”

Arc & Co. completes €3.4m acquisition loan for 40m superyacht

Arc & Co. has secured a €3,375,000 loan for a client purchasing a superyacht based in France—despite several initial hurdles.

The yacht was built by one of the leading superyacht builders in the world, Alloy Yachts, and has been kept in pristine condition with an impeccable maintenance record since its delivery nearly 20 years ago.

The age of the vessel proved tricky for most lenders, as well as the fact that the yacht’s shipyard has recently ceased operating. However, Alloy Yachts still provide maintenance and inspections for their historical yachts, giving comfort to the lender regarding ongoing care.

Additionally, and unusually for a yacht of this age, the valuation came in above the purchase price due to its near perfect condition, which enabled the lender to offer a higher day one facility than originally agreed.

The client’s complex personal and corporate structures presented challenges, too, and discounted the more vanilla finance options. However, the Arc & Co. team expertly and diligently navigated the borrower’s unique profile with the lender to ensure that all parties were aligned, which was possible due to our extensive experience and understanding in working with UHNW clients and their wealth preservation requirements.

Having overcome these hurdles, the deal concluded in record time: it took just six weeks from receipt of initial terms to final drawdown—an impressive feat given the holiday schedules of the various parties involved.

The 48% LTV facility was negotiated at a rate of 4.4% over Euribor, for a five-year term with a 50% balloon payment.

Andrew Robinson, Arc & Co. CEO commented:

“This deal was challenging both in terms of communication and the unique aspects of the asset itself, but through expert communication, all parties have come to a comfortable and successful solution.

“The client was so happy and grateful for the quality of service received by Arc & Co. that they have already re-engaged us to help them finance a large social housing scheme in the UK.”

Arc & Co. has a successful track record in securing finance for marine and aviation assets, leveraging leading in-house expertise with a unrivalled network of providers that cover all client circumstances.

Arc & Co. secures £1.55m loan for landlord’s expansion plan

Cameron Hayes, Director at Arc & Co., has secured a £1,550,000 bridging loan for a mixed-use office building in the Southeast.

The transaction was completed with a private landlord looking to enhance returns across their portfolio. The 67.5% LTV facility is for 12 months and is competitively priced on a fixed rate.

The bridging loan is being utilised as an equity release to purchase a new industrial scheme, with planning being sought to convert the office into residential student lets. 

Cameron commented:

“The process went very smoothly, completing in just three weeks from legals. Our relationships with private family offices enables us to access capital quickly–which was important to the client in this case.”

Arc & Co. actively searches for the most advantageous debt and equity solutions by leveraging its extensive network of lenders. Our ability to engage with finance providers that are prompt and flexible, as well as competitive in relation to current market demands, continues to provide substantial benefits to our clients.

Arc & Co. secures £25.3m from Coutts for Ability Hotels

Specialist capital advisory firm Arc & Co. has recently closed a £25.3m facility to refinance the Edinburgh Airport Hampton by Hilton Hotel.

Following instruction from The Ability Group, Arc & Co. undertook a full and thorough tender process to source the best available funding for the client. After multiple offers, Coutts emerged as the partner of choice.

The existing junior and senior debt were refinanced onto a five-year loan of £23.5m, significantly reducing the overall cost of debt for the borrower.

The 240-bed hotel has been trading very well—the hotel being located closest to the Airport terminal.

Arc & Co. Managing Director Edward Horn-Smith commented:

“Edinburgh is a great market for this hotel product and The Ability Group is an expert in the hospitality sector.

“Coutts displayed an excellent understanding of this asset class and recognised the strength of the sponsor, operator, and location.

“In addition, they were competitive on price, able to move quickly and great communicators throughout the process.”

Anthony Nutkins, Director at Coutts, commented:

“We’re delighted to have supported our client in refinancing their Edinburgh Airport Hotel, unlocking future potential in line with the growth of Edinburgh Airport and the thriving Scottish hospitality sector.

“This deal underscores our commitment to providing tailored financial solutions for high-net-worth clients, ensuring businesses have the flexibility they need to succeed. We look forward to helping our client continue building on this success.”

Arc & Co. secures £453k development loan at 9% pa

Dieter Kerschbaumer, Asset Finance Advisor at specialist capital advisory firm Arc & Co., has secured a £453,494 development loan for a client building a ground-up single dwelling.

The 47% LTGDV facility is for 12 months and is competitively priced at a fixed 9% p.a. 

The transaction—introduced by London Belgravia Brokers—was completed with a privately backed lender that has deep roots in providing development lending.

Dieter commented:

“With the provision of funding being aided by the lender's in-house legal team, everything progressed efficiently. The upfront costs were kept to a minimum, with the loan facility including valuation, legal, and QS fees.

“Although development activity is picking up, borrowers still need to keep costs as low as possible to maximise profits. Working with a lender who is accommodating in this respect is really valuable.”

Arc & Co. consistently seeks out the most favourable debt and equity solutions via its extensive network of lenders. Our ability to access finance providers which are fast and flexible, as well as competitive in line with current requirements, continues to be a huge benefit to our clients.

Arc & Co. completes £637k bridging loan at 0.55%

Sam Beaumont, Advisor at Arc & Co., has secured a property developer client with a £637,000 bridging loan.

The bridging loan is being used to repay the existing loan on the property, located in Acton in London, while the borrower anticipates planning permission for its development to be granted.

Because the borrower only needs the bridging loan for a short period, a stepped rate option is the most suitable solution. At the required 70% LTV, the loan is priced at 0.55% for the first six months, and 1.15% for the remaining six months.

Sam commented:

“It was a pleasure working with our client to secure this loan, especially considering that the planning process in the UK can be slow and protracted, meaning developers can sit on sites for ages waiting for permission for development or conversion to be granted. Hence the bridging finance required in this case.

“In this case, the lender took a helpfully pragmatic approach , meaning things got done quickly and the process was straight forward.”

As the current market continues to stabilise, Arc & Co. continues to access competitive refinancing options for clients seeking access a better interest rate or release equity to fund their next property project.

Arc & Co. closes £5.6m in short-term funding for two developer clients

Specialist debt and equity firm Arc & Co. has secured two £2.8m loans for separate developer clients who needed to release equity and repay their existing debt provider, respectively.

For the first borrower, Arc & Co. Director Tom Berry arranged a £2.8m development exit facility—secured against a recently completed scheme of eight houses in the Midlands—to raise the equity required for them to take advantage of other opportunities.

Rather than wait for the sales from the completed project to come through, a short-term, development exit loan advances the necessary funds for the developer to move forward with other sites.

The 75% LTV, 12-month loan was secured at 0.89% pcm.

The second borrower had overrun on their build programme, which in turn meant that they had also exceeded their development finance term. The existing lender needed to be repaid, and a new facility put in place to allow the developer to complete the project, with time to sell.

Tom obtained a competitively priced finish and exit loan of £2,8m secured against the North London scheme—comprised of nine residential units—at 75% LTV and pricing of 0.99% pcm.

Both loans were completed in eight weeks each.

Tom commented:

“We’re proud to have a varied network of providers, among which there are very few that can provide what is essentially a development exit loan in advance of practical completion. For the second deal, this was the ideal solution for the borrower.

“Developer exit funding is a great tool to give developers a competitive edge, by advancing the capital necessary to acquire new sites or progress existing ones—especially in what is still a recovering sales market.

“For projects that need a bit more time and need the existing (often expensive) debt refinancing while they complete, finish and exit has been a valuable product.”  

Arc & Co. helps developer secure site with £1m bridging loan

Specialist debt and equity advisory firm Arc & Co. has assisted a developer with a bridging facility to secure two conversion properties.

The site in question comprises a farmhouse with planning to convert two barns into four-bedroom homes.

Initially, the borrower—who is experienced and has several similar conversions under their belt—had development funding lined up. However, upon receipt of the valuation, which came in under what was expected, the lender pulled their offer.

Arc & Co. advisor Dieter Kerschbaumer took the lead on this case, which was introduced by Henry Simpson at London Belgravia Brokers.

Dieter set about arranging a bridging facility to secure the site with a lender that could act fast, could support the leverage needed, and had competitive terms.

The £1m facility at 70% LTV is secured against two assets: the £950k farmhouse being acquired, and another partially completed, unencumbered converted barn worth £650k.

The 12-month loan was priced at 0.84% and provided the developer with 100% of the purchase funds as well as working capital to finish the part-complete site.

Dieter commented:

“It is important to have access to a network of lenders who can kick into action when other providers can’t. It is not uncommon for valuations to trigger a re-evaluation of lending appetite, but, in this case, the change of decision put the developer in danger of losing the site altogether—and potentially making way for it to become available to a competing purchasers.

“Bridging remains an exceptional tool for those who need to get funding fast. The borrower’s existing assets, track record and uplift plans made this a great opportunity for the right lender, and we’re delighted to have facilitated this deal.”

Arc & Co. wins Short-term Finance Broker of the Year at NACFB Broker Awards 2024

We are pleased to announce that Arc & Co. won the title of Short-term Finance Broker of the Year at the most recent NACFB Broker Awards. Philip Kay and Vishal Dixit (shown) attended the awards on September 13th, which recognise excellence within the UK intermediary market

The Short-term Finance Broker of the Year award itself seeks to recognize NACFB Member firms that have excelled in sourcing agile and effective short-term funding solutions.

Vishal Dixit stated it was an honour to collect the award on behalf of the team at Arc & Co., with the award itself being “A great testament to our business, winning in what was a heavily contested category, up against some great advisory firms.”

For many of our customers throughout this time, bridging has been an essential tool, and it makes up a significant portion of our book. Because of this, everyone at Arc & Co. is honoured to have been acknowledged for our continuous efforts into 2024 by the NACFB and its separate judges.

CEO Andrew Robinson commented “We are very proud to win this award, it has been a tough market the industry and short-term finance has been at the heart of our advice strategy, so to win this award in the current market is very satisfying. Congratulations to the Arc & Co. Team and NACFB for recognising our work.”

We would like to express our gratitude to all of the lenders that we have collaborated with closely throughout this time, as well as acknowledging the growing competitiveness and intuitiveness of the current financing environment.

Going forward, Arc & Co. wants to maintain its reputation as a leader in broker quality while seeking excellence in a constantly changing financial landscape and cultivating stronger ties with our lenders.

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.”