Student accommodation in Glasgow
GROSS DEVELOPMENT VALUE:
Voltaire Financial was approached by a client who was midway through a student accommodation development in Glasgow with an operator in place to buy the completed project. The development of the scheme was initially subsidised by a private fund which the client had access to, however the development was taking longer to complete than originally anticipated and the fund wanted the debt to be repaid. Voltaire was able to arrange a short term Sharia compliant loan from an international bank who were flexible in structuring their terms to suit the short term facility that was required.