Commercial finance broker Arc & Co. has arranged a \u00a39.4 million refinancing facility from GB Bank for a West End mixed-use property portfolio containing office and residential units.<\/p>\n
The five-year loan was structured at 71% loan-to-value with a fixed interest rate of 6.2%. Edward Horn-Smith, managing director at Arc & Co., led the transaction for a client he has advised for more than 15 years.<\/p>\n
GB Bank used cross-collateralisation to complete the deal, top-slicing a regional purpose-built student accommodation portfolio owned by the same borrower. This approach provided additional security to support the full \u00a39.4 million facility amount.<\/p>\n
\u201cThis was a complex refinance given the current income profile of the portfolio,\u201d Horn-Smith said. \u201cHaving known the client for over 15 years, it was important for us to deliver a solution that provided stability.\u201d<\/p>\n
Top-slicing allows lenders to use surplus rental income from one property asset to support underwriting on another, bridging affordability gaps when a single portfolio cannot meet lending criteria independently.<\/p>\n<\/p>\n
Pankaj Thukral, chief lending officer at GB Bank, said long-term broker relationships enabled the transaction to proceed. \u201cWorking with Edward and the team at Arc & Co. allowed us to gain a deep understanding of the client\u2019s long-term strategy,\u201d he stated.<\/p>\n
Mixed-use assets in central London have faced tighter refinancing conditions over the past two years, with some lenders restricting criteria on office-heavy portfolios due to occupancy and valuation concerns.<\/p>\n
The 71% LTV ratio and 6.2% fixed rate on a West End mixed-use portfolio indicates continued appetite from specialist lenders for assets with established ownership and quality locations. The structure reflects a segment of the commercial property finance market where lenders are willing to consider portfolio-level underwriting rather than single-asset metrics.<\/p>\n
With interest rate expectations fluctuating, fixed-rate refinancing activity may increase as borrowers seek certainty on debt costs ahead of potential market changes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Commercial finance broker Arc & Co. has arranged a \u00a39.4 million refinancing facility from GB Bank for a West End mixed-use property portfolio containing office and residential units. The five-year loan was structured at 71% loan-to-value with a fixed interest rate of 6.2%. Edward Horn-Smith, managing director at Arc & Co., led the transaction for […]<\/p>\n","protected":false},"author":1,"featured_media":1124,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n