Press Release -
Arbuthnot Latham helps property firm grow with £10.8m finance package
Arbuthnot Latham & Co., Limited recently provided Sienna Real Estate Limited with four loans to support the purchase of additional commercial properties.
Arbuthnot Latham & Co., Limited recently provided Sienna Real Estate Limited with four loans to support the purchase of additional commercial properties. Sienna Real Estate was founded in 2012 by Vinod Kakkar; their primary focus is commercial and residential property investment.
Vinod is very passionate about property and has always had the desire to invest and grow the portfolio both for income and capital appreciation. The first loan was a funding request for the purchase of a mixed-use property in Kingston which the client agreed to purchase at auction with a 28-day completion deadline.
The subsequent purchases included a retail warehouse in Darlington and a parade of four shops in Canterbury. Arbuthnot Latham’s speed in completing these deals was important, particularly on the latter two transactions to ensure the client did not lose the properties. A further loan was provided to support the new build of eight self-contained residential flats in Staines-upon-Thames which will be retained and rented out.
Vinod Kakkar, sole director of Sienna Real Estate Limited, commented: “Having bankers who are approachable and easy to work with is crucial.We wanted someone we could build a long-term relationship with and we found the team at Arbuthnot Latham to be a refreshing change. We are delighted with the way the whole team have delivered and what they have done for us to assist in growing the property portfolio. They never lost focus on the target completion dates.”
Anna Hirst, Senior Commercial Banker at Arbuthnot Latham commented “Sienna Real Estate needed a bank who could deliver on fast deal execution, making decisions quickly and commercially, which we were able to provide. Vinod plans to continue to invest into the existing portfolio and to target growth through further property acquisitions.”
Meet a Real Estate expert: Tony Eden
For the latest instalment of our Meet the Team series, we speak with Tony Eden, Head of Specialist Commercial Banking and Real Estate Finance.
Arbuthnot Latham helps property firm grow with £18.5m loan
Arbuthnot Latham & Co., Ltd has provided property developers, the Westcombe Group, with an £18.5m loan.