Development

183 unit PBSA Development in Leeds

loan amount £26,250,000
gearing 68% LTGDV
structure Development
asset class Student

A private equity fund and student operator sought financing for a 183-unit Purpose-Built Student Accommodation (PBSA) development in Leeds. Achieving stretch leverage at 68% Loan to Gross Development Value (LTGDV), the financing retained a single-digit interest rate.