The client required the facility to fund the share buyout of a significant UK real estate portfolio.

The bridging loan — agreed at 61% LTV over a 12-month term — was secured against 51 commercial and 25 residential properties, with a total value of £29.2m.

Of the total assets, 55% are in London and the South East, 21% in the North East, and the remainder in Manchester, the Midlands, the South Coast, South West and Yorkshire.

GRE was advised by Fladgate LLP.

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Philip Kay, senior asset finance adviser at Arc & Co, said: “GRE really outperformed in getting this loan completed in a short timeframe. 

“The loan from GRE was the largest of three loans, which together funded the share buyout, and was therefore critical to the entire transaction for the client. 

“GRE adopted a commercial approach when faced with complexities in the transaction, and I look forward to introducing more transactions to them in due course.”

Daniel Benton, director at GRE Finance, added: “Kingscastle is an extremely experienced property developer with significant experience of managing large property portfolios. 

“This portfolio is well structured, given its significant diversity of assets, providing good liquidity and protection to withstand exposure to a particular location or asset class. 

“It was a pleasure to work with Arc & Co and Kingscastle on this transaction.”