The 18-month facility — agreed at 65% LTGDV — helped the borrower fund the conversion of the Royal Oak pub into seven new apartments.
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Tom Berry, asset finance adviser at Arc & Co (pictured above), said: “It was a pleasure to work with both the client and Shawbrook to complete this development loan.”
The client commented: “Tom and Arc & Co worked persistently to ensure the deal crossed the line.
“Tom was pivotal at ensuring we gathered the funding structure we required to develop the Royal Oak, which we are now very happy to be proceeding with.”
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