Beeston | Nottingham

Loan Type

Development Finance

Loan Amount

£40,841,685

Term Length

21 months

Leverage Levels

16%

LTP

76%

LTC

70%

LTGDV

Purpose

To fund the development of a 419 PBSA studio block and a ground floor small commercial unit.

Exit

Refinancing onto a term loan.

Loan Strengths

  • Borrower has experience of operating PBSA schemes in Nottingham.
  • Studio units are larger than average the market.
  • Good amenity offering locally.
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