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Nottingham PBSA Scheme 

Nottingham Trent University campus

Case Overview

The scheme; a 105 bed purpose built student accommodation (PBSA) within walking distance of Nottingham Trent University.   The accommodation comprised of a mixture of studio and cluster apartments.  

 

A £5.3m facility was secured for the client by against a GDV of £8.5m (62.5% LTGDV) and at 80% LTC.  The scheme marked a notable step up in size for the developer, but through MontpelierPF the lender was able to get comfortable enough with the transaction to provide the development facility. 

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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

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  • Preferred terms for Russell Group locations

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  • Standard construction and modular propositions welcome

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  • 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

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  • Hybrid mezzanine/equity finance for higher LTC's

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

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  • Commercial term exit lending for completed schemes

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  • No maximum loan

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