11 student accommodation blocks
Various UK locations
Voltaire Financial was approached by an existing large student accommodation operator client. A facility was arranged which achieved three things. First 6 existing facilities were refinanced by a single new facility both simplifying the borrowing arrangements and freeing up existing lenders to advance new debt on other assets going forward. Second the cost of borrowing was reduced on an overall basis. Third a substantial sum of equity was extracted for use towards future acquisitions.