US EditionArc & Co. structures debt and equity facility for £36m PBSA scheme
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BDC MagazineArc & Co. structures debt and equity facility for £36m PBSA scheme
Arc & Co. has closed a 70% loan-to-value (LTV) debt package in partnership with Ingenious Capital Management, whilst also sourcing a JV equity investor to support the development of a purpose-built student accommodation (PBSA) project in Tower Hamlets, London. Southern Grove is developing the 111-bed, £36m gross-to-development-value (GDV) scheme in a joint venture with Falco Group. Andrey Redman, director at Arc & Co., structured the debt with t…
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