Arc & Co has secured £18.7m from a London-based family office for two commercial funding transactions.
The first deal was the refinance of a retail and commercial asset in Ashford.
The gross loan of £6.2m facilitated the purchase of retail and office space in Bristol, with a strategy for value add, regearing leases and marketing to new prospective tenants.
The 62% loan, headed up by Arc & Co director Cameron Hayes, was for a term of 5-years.
Hayes said: “It’s great to complete this with a lender that not only understands the intricacies of retail but also can get comfortable with an international borrowing structure.”
The second case involved the refinancing of a national leisure and office portfolio.
A gross loan of £12.5m at a loan-to-value (LTV) of 75% was secured for 5-years, allowing the client time and flexibility to restructure the group of assets.
Edward Horn-Smith, Arc & Co managing director, added: “It’s important when advising our clients that we provide them with the best possible options—not just based on pricing, but also by bringing in a funding partner that understands and supports the wider business plan.”
