Commercial banking –
Success for Arbuthnot Specialist Commercial and Real Estate
- High growth in client numbers for first three quarters in 2021
- £256m in new lending and a further £130m in credit approvals
- Total increase over 100% Year-on-Year
- Increased team by 30% in response to growing demand
Arbuthnot Specialist Commercial and Real Estate team onboards 139 new clients, amid surge in lending
The Specialist Commercial and Real Estate Finance team at Arbuthnot Latham announce a period of record growth across the first three quarters of 2021.
Over the nine months, lending amounted to £256m and further credit approvals totalled £130m. The average loan size also surged from £1m to £4m, following the completion of several large deals.
As part of Arbuthnot Latham’s private and commercial national offering, the team provides its clients with financing solutions across a range of asset classes for residential, commercial investment, and development.
Over the period, the team effectively structured a varied range of loan types, including for residential investment, private rented sector, purpose-built student accommodation (PBSA), and development-to-let.
The Specialist Commercial and Real Estate Finance team continued to support new lending throughout the pandemic and pivoted its focus to longer facilities in order to help borrowers looking to develop and hold properties. While maintaining its lending appetite, the team also funded residential portfolios with a larger debt requirement.
In 2021, the department expanded, growing by 30%, from 17 to 22 colleagues. New hires included individuals specialising in sectors such as Build-to-Rent (BtR), Private Rental Sector (PRS), PBSA and Multi Unit Freehold Blocks (MUFB), bringing new experience and capabilities. This meant that the team was able to strengthen its presence across markets to meet growing demand in London and the Southeast, in addition to other UK regions.
Looking ahead, the team is focused on expanding its geographic footprint across the UK, creating new roles. This includes dedicated Real Estate Relationship Management roles in Bristol and Birmingham.
Tony Eden, Head of Commercial Banking and Real Estate Finance, said: “The past 18 months have been a challenge for all, and I am proud of the team’s passion for delivering excellent service and support for our clients during this period. This has enabled both our existing and new clients navigate the current economic landscape and achieve their funding aims.
“Throughout this time, we have continued to lead with our relationship-first approach, offering bespoke and tailored advice and financing to ensure the best outcome for all parties. That is why we were able to support a further 100 clients and grow our total footings to £1.3bn in the first three quarters in 2021. We’ve seen strong growth, but we are still focused on continuing to support our current and future clients.”
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