Redcliffe | Bristol

Loan Type

Development Finance

Loan Amount

£5,742,971

Term Length

16 Months

Leverage Levels

73%

LTP

88%

LTC

70%

LTGDV

Purpose

To assist with the acquisition of the property, and to finance the redevelopment creating ground floor office space and 45x cluster beds for students.

Exit

Refinancing.

Loan Strengths

  • Well located near the University of Bristol campus
  • Shortage and high demand for quality PBSA
  • Strong counterparty well known to Zorin
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