We offer solutions for purpose built student accommodation, giving your clients more flexibility with their funding options.
We worked with a broker to help an experienced landlord with a large portfolio of properties who had recently completed to construction of new student accommodation near to the University of Liverpool. The client wanted to pay off the development finance and raise additional funds for his next development project. The accommodation was a row of nine terraced houses, each split into a seven bedroom HMO, providing lodging for 63 students in total. An added complication was that all the properties were held on the same title.
The total value of the properties was £3.3 million and the landlord wanted to borrow 80% LTV. We provided a loan of £2.64 million with interest serviced on a five-year term.