Bath | Somerset

Loan Type

Development Finance

Loan Amount

£13m

Term Length

19 Months

Leverage Levels

102%

LTP

85%

LTC

71%

LTGDV

Purpose

To finance three PSBA-let developments; the re-development of an old Co-op store to provide new community space and 16 PBSA units; the construction of standalone block of 72 PBSA units with associated ancillary space, and the further construction of 19 PBSA units.

Exit

To let the PBSA units, commercial and retail space on the open market to maximise rental income.

Loan Strengths

  • ‘Super prime’ student market
  • Proximity to Bath city centre and amenities
  • Historic building with strong vernacular architecture
This website uses cookies to ensure you get the best experience. Learn More