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Arc & Co. and Quantum complete £3.4m BTL refinance on Worthing flats
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Arc & Co. and Quantum complete £3.4m BTL refinance on Worthing flats
Arc & Co. has arranged a £3.4m buy-to-let (BTL) facility from Quantum Mortgages for a developer in Worthing. The finance allowed the developer to keep part of a larger residential conversion and refinance existing debt. The client bought a former office building in Worthing and converted it into 120 flats. The original purchase was funded by bridge and mezzanine loans, which needed to be repaid. With slower sales in the market, the developer …
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