The loan represented 51% of the GDV and was priced at 1.3% pcm for a term of eight months. 

This loan was required for a different investment purpose and the first charge lender — also Glenhawk — was able to advance the second facility.

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The value of the property, however, had increased from its original £19m to a GDV of £24.5m during the loan term, enabling Glenhawk to advance a second charge bridging loan. 

Andrew Robinson, CEO at Arc & Co. (pictured above), commented: “It’s notoriously difficult to place a second charge behind a bridging lender, never mind with the added complexity of this being a prime single asset. 

“Glenhawk took a commercial approach to this case, and we managed to match the term length of both loans so that they redeem together—streamlining the client’s overall debt package.” 

Nick Hilton, managing director at Glenhawk, added: “Collaborating with Arc & Co. for nearly a decade, on multiple finance deals, is testament to their unrivalled expertise in the prime real estate market. 

“For this loan, we navigated a dual charge structure, optimising flexibility and precision for an evolving property project.

“This strategic approach has resulted in a £6m increase in the properties GDV and an imminent sale (subject to contract) for the client.”