Arc & Co. completes £4.6m commercial development finish and exit loan

15 April 2026

London, UK – Arc & Co. has successfully arranged a £4.6m finish and exit bridging loan for a commercial development in Basildon, Essex, comprising office space and industrial units.

The facility was provided by Allica Bank at 65% loan-to-value. It enables the borrower to refinance their incumbent development lender and provides the capital required to finish the scheme and stabilise the asset.

The transaction was led by Arc & Co. Director Tom Berry and completed within one month of instruction. To structure the deal successfully, the team navigated the limited market appetite for 100% commercial, incomplete schemes. By partnering with Allica Bank, Arc & Co. secured a solution that gives the borrower the necessary window to achieve full occupancy.

Tom Berry, Director at Arc & Co., commented:

"It was a pleasure working with Allica on this case. The Allica team was intrinsic to the process. The proposal was slightly challenging, considering the property was completely commercial and required a combination of funds to finish the scheme and time to stabilise. Allica understood the proposal and acted quickly to ensure the client could repay their current development lender in full and have time to continue the scheme."

Stephen Palfreeman, Head of Sales (bridging) at Allica Bank, added:

"I’m delighted to have completed another loan with Tom and the team at Arc & Co, delivering the refinance within just one month of instruction. Tom was fantastic throughout, driving communication effectively between all parties to ensure a smooth and efficient process. This transaction highlights our continued appetite for commercial real estate lending and our commitment to giving borrowers the time and flexibility to stabilise assets before transitioning to long-term finance."

Key contributions to the transaction included Charlie Runcorn at Eightfold, who handled the valuation, and legal support from Jonathan Walker. With the funding secured, the borrower now has a six-month window to finish the build and fully occupy the property before transitioning to long-term debt.