The case was introduced to the bank by Arc & Co’s director Julian King (pictured above) on behalf of the borrower, an architect who owned and occupied the multi-tenanted building.

Despite a number of constraints — as the office building had 12-month leases in place, and its business plan had been affected by the pandemic — Redwood Bank was able to complete the loan at 60% LTV at a margin of 4.95% per annum over a period of five years.

Nicola Blake, BDM at Redwood Bank, said: “Working with Julian was a great experience.

“From day one, we discussed the client’s needs and worked collaboratively, both visiting the property and clients to gain a better understanding on how the large office block is operated to ensure a smooth approval at credit stage.

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“Julian’s property knowledge, his professionalism and regular engagement between Redwood Bank, the customer and legal teams — all working closely to overcome any hurdles — ensured completion within a short timescale.”

Julian added: “It was a pleasure working with my client, whose existing finance term with his existing lender had come to an end.

“Upon inspecting the building, it was clear that it was well managed and provided a quality bespoke office space to its occupiers in a well-serviced location with low attrition rates.

“Working with Redwood Bank was a straightforward, refreshing experience due to the knowledge of the credit underwriting team and the productivity of the business development team led by Nicola. 

“This ensured that collectively we structured the right solution for the client and their project."