Specialist advisory firm Arc & Co. and bridging lender Market Financial Solutions have completed a £26m bridging loan secured against a prime central London property.
The loan, arranged by Arc & Co. director Philip Kay, refinances existing term debt and releases a modest equity sum for works designed to enhance the final specification of the property.
The borrower is a returning client of Arc & Co. with a strong track record in the property sector.
Kay (pictured) managed the process between lender and stakeholders, delivering the deal in just two months. Speaking after completion, he emphasised the firm’s agility in navigating challenges, saying: “This transaction demonstrates Arc & Co.’s ability to pivot quickly when challenges arise. When the original funding we had lined up withdrew unexpectedly, our team immediately leveraged our extensive network to secure an alternative.”
He added that Market Financial Solutions’s appetite for the asset class and its willingness to offer high leverage were instrumental: “Market Financial Solutions has shown excellent appetite and understanding for this asset class and their ability to maximise leverage is an important USP for high-value assets that are seeking to add value or reposition.”
Paresh Raja, chief executive of Market Financial Solutions, highlighted the lender’s tailored approach to complex transactions. “We take great pride in handling high-value cases like this, which require a bespoke and tailored approach to lending,” he said.
“We understand the unique challenges that these types of projects present, and I’m delighted we were able to provide the necessary support and flexibility that Arc & Co. and their client needed.”
Zahira Fayyaz, head of key accounts at MFS, added that the deal underscored the lender’s capability in navigating complicated requirements. “This was a case that really highlighted how we can look at and solve complicated real estate requirements in an always evolving market,” she said. “I look forward to continuing our partnership and collaborating on similarly interesting cases in the future.”
