COMMERCIAL DEVELOPMENT

Student accommodation block in the Midlands


MARKET VALUE:

Loan*:

£28,200,000

£11,500,000


Voltaire Financial was approached by an existing student accommodation operator client that had identified an asset to acquire, refurbish and hold as an investment. Voltaire secured a facility which began as a development facility to enable the acquisition and refurbishment of the asset and subsequently remained in place as an investment facility for a longer term.

* in 2 tranches (first against acquisition, second towards refurbishment)