Arc & Co. arranges £15.7m acquisition loan

By Bridging Loan Directory 3rd July 2024

Specialist capital advisory Arc & Co. has secured a £15.7m acquisition loan for a client, to fund the purchase of an office in Farringdon, London.

The 24-month facility is provided by Delancey Real Estate, who were flexible in their approach to this requirement.

Farringdon is a strong office location currently undergoing wider regeneration which supports underlying rental demand.

Philip Kay, director at Arc & Co., commented:

“The client managed to secure the acquisition of the office building at a very favourable entry level, which enabled the structuring of a higher LTV with Delancey.

We are pleased to have concluded on yet another successful office transaction, with a client whose investment strategy is targeted at strong London locations with an end goal of repositioning commercial assets to best-in-class.

Understanding their business plan and Delancey’s positive appetite for this sort of project meant that we were able to secure an ideal outcome in what remains a challenging environment.”