Arc & Co completes £6.8m hotel conversion loan

Arc and Co has announced the completion of a £6.8m loan for the conversion of a hotel into 19 flats in the centre of Royal Tunbridge Wells in Kent.  The loan comprised a £6.15m senior loan provided by Paragon Bank and a £651,000 mezzanine loan. ...

Arc & Co completes £6.8m hotel conversion loan
Arc and Co has announced the completion of a £6.8m loan for the conversion of a hotel into 19 flats in the centre of Royal Tunbridge Wells in Kent.  The loan comprised a £6.15m senior loan provided by Paragon Bank and a £651,000 mezzanine loan.  The deal was initially credit approved by two different lenders […]