The 70% LTV facility was used by the borrower to acquire a 7,500 sq ft office building in Fitzrovia, central London.
Following the purchase, the client intends to refurbish the office block and add the property to their existing portfolio.
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Tom Stephenson, asset finance adviser at Arc & Co (pictured above), said: “We are delighted to complete our first transaction for this client thanks to the experience and professionalism of the team at Topland Group, which structured a very competitive solution for our client.”
Anish Vora, structured finance manager at Topland Group, added: “It was a pleasure working with Arc and Co on this acquisition debt facility.
“Together, we were able to overcome obstacles and help our client achieve completion in good time."
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