The two HMO properties, refinanced under residential terms, contain a total of 37 units.

Potential delays were avoided by bringing in the borrower’s original solicitor, speeding up the completion.

The loan was secured at 78% LTV on a 24-month term.

The firm recently navigated a deals around a holiday park, BTL options, and a self-build refinance.

The loan was used to refinance existing debt and unlock equity for property improvements.

Southern Grove is developing the 111-bed, £36m GDV scheme in a joint venture with Falco Group.

Arc & Co. has announced that it has completed a £59m loan with Atlas Capital Partners to refinance existing bank debt secured against a UK-wide hotel portfolio.

Secured against a vacant nine-unit residential block, the facility will refinance the existing lender.

The deal took three months to complete and was delivered at 65% LTGDV, with a gross facility of £10m and for a term of 24 months.

The €11.1m loan was completed six weeks from signing and was priced at 1% PCM.