Purpose-Built Student Accommodation

Conversion of office space into new purpose built student accommodation

10 month facility to fund the conversion of an existing office into student accommodation in Bristol City Centre.

We have provided a £5.38 million facility to refinance existing debt utilised for the site purchase and convert an existing office space into new purpose-built student accommodation (PBSA), including a flat and 25 self-contained studios.

The development is situated in the heart of Bristol city centre, which is home to several leading universities. This project aims to provide housing for Bristol's substantial student population and is scheduled for completion in time for the academic intake of September 2024.

Thank you to Dan O’Neil at SPF Private Clients for the introduction.

Gross Loan

£5.38m

Term

10 Months

LTV

65.2%

Units Created

26

Exit Method

Sale

"We are delighted to be funding this conversion of a fantastic Grade II Listed building into purpose built student accommodation in Bristol. This is the seventh scheme we have worked with our client, Rengen and we are equally pleased to continue to support this well established PBSA developer in the South West."

Rav Kudhail

Loan Solutions

Residential

We specialise in providing tailored loan solutions for professional residential property developers. We offer choice and value, including variable and fixed rate options up to 70% LTGDV on loans between £3m to £40m. Our team of property professionals are expert in structuring the right finance solutions for your project – whether you have land with planning, are undertaking a permitted development, or are converting an existing building.

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Purpose-Built Student Accommodation

We work with professional developers of PBSA schemes across the UK, providing customised finance facilities that align with the unique requirements of PBSA development and support build programmes to meet academic intake dates.

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Build-to-Rent

We specialise in providing lending solutions that can be customised to meet the unique needs and requirements of build-to-rent projects. We offer competitive variable and fixed rate options and terms, which will ensure optimisation of the project's financial performance and return on investment.

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Care

We have extensive experience in providing finance solutions for care home developers and operators. Our facilities are structured to support every stage of your care home development project, from acquisition, development and stabilisation of the asset.

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Bridging

We recognise the importance of fast decisions and approvals for short-term financing requirements that will enable you to act quickly. As a specialist lender, our team of lawyers, surveyors, and credit experts can craft custom and transparent lending solutions for property acquisition, planning gain, and developer exit.  You also have the benefit of being able to leverage our development finance expertise for longer-term finance requirements.

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