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Leicester PBSA Scheme 

University of Leicester campus

Case Overview

This 135 bed PBSA scheme offered students contemporary accommodation, with a mix of studio's and cluster apartments, within walking distance of De Montford University and in the heart of Leicester city centre.  

 

The client, a prolific PBSA developer, was looking to secure a stretch senior debt facility in order to free up equity for another scheme.  MontpelierPF secured a £5.9m stretch senior facility against a GDV of £8.5m (68% LTGDV) and at 78% LTC.  

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Montpelier Private Finance has a deep understanding of the UK & Ireland student accommodation market, and works with a wide range of funding partners.  Contact us here for more information.

PBSA Funding Solutions

  • Funding available for both direct lets and nomination agreements

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  • Preferred terms for Russell Group locations

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  • Standard construction and modular propositions welcome

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  • 90% LTC stretched senior debt funding / 75% Loan to Gross Development Value (LTGDV) (lower there of); keeping the transaction a pure debt proposition, rather than give away equity/profit share

  • Mezzanine finance up to 75% LTGDV

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  • Hybrid mezzanine/equity finance for higher LTC's

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  • Joint venture/equity to sit on top of senior debt

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  • Commercial term exit lending for completed schemes

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  • No maximum loan

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