Aria Finance announce the successful completion of its biggest bridging loan since the merger of Enterprise Finance and Vantage Finance in 2022. The landmark deal, totalling £31 million marks a significant milestone in Aria Finance's ongoing commitment to delivering innovative and high-value solutions for their clients.
The loan, which includes a £28.6m bringing facility alongside a top up VAT bridge, was structured to support a prime commercial development project in Edinburgh by Shawbrook's expert structured real estate finance team led by Piragash Sivanesan. The multifaceted nature of the deal required a tailored approach, showcasing Aria Finance's expertise in handling complex, high-value transactions.
The deal was led by Ari'a Sales and Commercial Director, Joe Aston, who worked closely with Shawbrook to navigate this bespoke solution.
Joe Aston, Sales and Commercial Director of Aria Finance says: "This deal represents a significant achievement for Aria Finance, highlighting our ability to deliver substantial achievement for Aria Finance, highlighting our ability to deliver substantial funding solutions for large-scale property developments across the UK and cementing our position as a market leader in the specialist property finance sector."
"By working closely with our long-term trusted partner Shawbrook, we were able to deliver a highly complex funding structure that enables our client to proceed with a major development in one of Edinburgh's most sought-after locations. It's a fantastic example of how we navigate challenging financial situations to deliver outstanding results."
Piragash Sivanesan, Director of Structured Real Estate, says: "The complexity and scale of this commercial bridging loan with multiple stakeholders showcases our solution first Structured Real Estate capabilities. With tailored loan structuring and dedicated relationship management, we've been able to support the client with their ambitious regeneration project in Edinburgh city centre with a commercial bridge, one of the largest that the bank has ever completed.
"We look forward to supporting Aria with future projects like this one."
