Bridging

A bridge facility to assist with a PBSA site in York

A bridge to acquire a site for an extensive Purpose-Built Student Accommodation scheme

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We have provided a 12-month serviced land bridge for a £6.66m (gross) loan to assist with the acquisition of a freehold property in York. The site has planning permission for a 275-bedroom PBSA development, which is perfectly located for access to York University.  

Gross Loan

£6.66m

Term

12 months

LTV

65%

Units Created

Planning for 275 bed PBSA development

Exit Method

Refinance

"It is good to be working with our returning clients, both broker and developers on this new scheme. As an experienced developer, they are well positioned to realise the huge potential of this project."

- Anthony Dobinson, Senior Investment Manager

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