
Ralph El Achkar joins FRP Real Estate Advisory as associate director
El Achkar joins FRP with 18 years in banking, the last seven spent lending against UK real estate.

El Achkar joins FRP with 18 years in banking, the last seven spent lending against UK real estate.

The refinance helped the client repay a bridge and switch onto a 5-year fixed-rate term loan with specialist buy-to-let (BTL) lender Rely.Â

The facility includes a £75m bilateral loan on a five-year commitment and a further £10m committed accordion to be drawn down as the refurbished hotels reach stable trading.Â

The deals included land bridging, a secured revolving credit facility and development-linked bridging finance.Â

The loan allowed an international client to release equity before the planned sale of the estate this summer.

The loan was arranged with specialist commercial lender CSBF to help an established office developer buy the property.

The team worked with Newmark to secure leverage based on 75% of VP value or 65% against market value.

The fixed-rate loan was secured at 72% LTV and matched the asset’s market value of £5.77m.

The Arc & Co. brand will now operate under FRP Real Estate Advisory as part of the integration.

As part of the transaction, Arc & Co’s two directors and co-founders, Andrew Robinson and Edward Horn-Smith, will join FRP as partners.
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