Loader Background
HC image

Bath | Somerset

Loan type

Development Finance

Loan Amount

£

13

m

Term Length

19 Months

LTP

102%

LTC

85%

LTGDV

71%

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 a 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  the many local amenities on offer
  • Historic building with strong vernacular architecture

This content is not available in your country

Unfortunately this content is not available in your country