The 80% LTV facility — priced at 7.25% per annum — will allow the client, a property developer, to refinance their original loans obtained for the construction of a block of flats in Ealing, west London.
In addition, it will enable them to finish the scheme and offer them an extended sales period.
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Edward Horn-Smith, managing director at Arc & Co (pictured above), said: “It was important to provide the borrower with a new facility that enabled them to finish the build and allow time to sell the properties at a rate that wouldn’t dramatically erode the developer's profits.”
Aysan Pamir Ozel, head of business development at Brydg Capital, added: “Brydg always strives to support developers in preserving profit through a constantly evolving economic climate.
“We continue to work closely with sophisticated debt advisors like Arc & Co in this pursuit, and are continuously impressed by Ed’s ability to present well-structured transactions.”
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