Arbuthnot Specialist Finance completes biggest deal to date
Arbuthnot Specialist Finance Limited (ASFL), the short-term property finance subsidiary of private and commercial bank Arbuthnot Latham, has completed a £3m funding facility for a privately held real estate asset management company.
This facility is the property lender’s most significant transaction to date. The facility was used to assist with the purchase of two houses on Grosvenor’s world-renowned 197-acre Belgravia Estate, located five minutes south of Sloane Square. The client intends to develop the property further to add value.
The facility comprised of two transactions offered under ASFL’s ‘residential investment’ product on an 18-month term.
The client stated that it was a very pleasant experience working with ASFL on the transaction and are keen to work with the lender on similar property acquisitions.
Dean Taylor, Business Development Manager at Arbuthnot Specialist Finance, said:
“It was a pleasure working with the client. This was a high-profile transaction, given the nature of the sponsor and asset, we were quick to build the relationship, working together to deliver funds as promised.
“We look forward to working with them on their next transaction, continuing to grow the relationship.”