Frome House | Bath

Loan Type

Development Finance

Loan Amount

£7,711,034

Term Length

14 months

Leverage Levels

92%

LTP

87%

LTC

70%

LTGDV

Purpose

To assist with the acquisition of the property, and to finance the refurbishment of the existing building delivering a first phase of 46 student beds.

Exit

To let and refinance onto an investment loan.

Loan Strengths

  • Well located with good access to local transport, amenities and universities
  • Strong demand with a limited supply of student accommodation
  • Very good proposed specification
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