Edinburgh PBSA Scheme 

Edinburgh city centre at dusk

Case Overview

A return client to MontpelierPF sought funding for a 108 bed 'direct let' scheme in the South of Edinburgh city.  This scheme was the first all studio scheme for the developer and enabled all rooms to let on 51 week tenancies.  The accommodation resides less than 10 minutes walk from the Russell Group, University of Edinburgh's Kings campus.

 

The client, an experienced PBSA developer, was looking to secure a stretch senior debt facility in order to free up equity for another scheme.  MontpelierPF secured a £7.65m stretch senior facility against a GDV of £11.78m (65% LTGDV) and at 78% LTC.  

Montpelier Private Finance has a deep understanding of the UK & Ireland student accommodation market, and works with a wide range of funding partners.  Contact us here for more information.

PBSA Funding Solutions

  • Funding available for both direct lets and nomination agreements

  • Preferred terms for Russell Group locations

  • Standard construction and modular propositions welcome

  • 90% LTC stretched senior debt funding / 75% Loan to Gross Development Value (LTGDV) (lower there of); keeping the transaction a pure debt proposition, rather than give away equity/profit share

  • Mezzanine finance up to 75% LTGDV

  • Hybrid mezzanine/equity finance for higher LTC's

  • Joint venture/equity to sit on top of senior debt

  • Commercial term exit lending for completed schemes

  • No maximum loan