Arc & Co. has completed a $5.5m (£4.3m) equity release secured against a 50 metre yacht in a turnaround time of two weeks.
The deal presented challenges due to the tight timeframe and the unique circumstances surrounding the borrower.
Arc & Co. utilised its expertise in marine financing to negotiate favourable terms with the lender, ensuring a smooth completion process.
The lender, a family office typically focused on FinTech investments, managed the urgent deadline and complexities effectively.
The ability to value the yacht in-house contributed to the timely completion.
The deal was introduced to Arc & Co. by a leading wealth manager and marks the second collaboration between the two firms in recent months.
Andrew Robinson, CEO of Arc & Co., said: “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.”
