Arc & Co

Arc & Co completes £70m of prime London deals with Brydg Capital




Specialist debt adviser Arc & Co has completed £70m of refinancing deals across three prime residential London assets with debt platform Brydg Capital.

The loans — which provided refinancing for three development sites in Holland Park, St John’s Wood and Hampstead — have a maximum LTV of 65%.

The sites comprise a single development unit with a red book value of £50m, a further single unit with a red book value of £34m and a multi-unit development site comprising 31 apartments and four townhouses with a red book value of £34m.

Edward Horn-Smith, managing director at Arc & Co (pictured above), claimed that there had been a “slight reverse” in funding of prime residential property in the last six months, with new funding lines now available to developers.

“Over the past three to four years, it has been incredibly hard to finance central London development sites and these loans and the LTV ratios achieved, show that there is still liquidity available for the right projects and best sponsors.”

Daniel Bendavid, managing director at Brydg Capital, added: “At Brydg, we are uniquely positioned to fund deals at scale with our experienced team, which means we are able to make fast and opportunistic lending decisions.

“We are repeatedly impressed with Arc & Co’s ability to present us with high-calibre clients, delivering luxury homes in London’s most desirable postcodes.

“These deals would have been very difficult to complete without Arc & Co’s experience in financing, assisting all parties in ironing out any creases as they arise.”

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