Arc & Co

Arc & Co and Century Capital complete two deals worth £3.6m

Arc & Co has completed two residential bridging deals with Century Capital, totalling £3.6m.

The first facility was a £2.1m second-charge bridging loan secured on a prime residential apartment in Knightsbridge, central London. 

The client required the loan — agreed at 66% LTV over an 18-month term — to release equity for business purposes.

The second facility was a £1.5m senior bridging loan, completed at 30% LTV over an 18-month term and secured against a house in Oxford.

The borrower, an overseas foreign national, used the funds to finish the refurbishment of the property.

Nikita Nigai, financial adviser at Arc & Co, said: “Both clients had reached out to various people in the market and weren’t satisfied with the options available to them. 

“It was a pleasure to work alongside Century Capital, which understood the client’s requirements and completed on both deals.”

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