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There are now record numbers of students in full time higher education. The market for student accommodation is booming and so the sector is becoming increasingly popular with developers and property investors alike.
Here you’ll learn more about how development finance could be the ideal vehicle for your business to make the most of the growing opportunity.
Giving student accommodation developers greater flexibility to manage cash flow when they need it most.
You can run more than one scheme – enabling you to scale at pace.
Preferred lending. Plus, we are flexible to meet your needs.
You will be supported throughout your project by your local, Relationship Director. They understand both your local market and the challenges you face. Plus they are located nationwide – including Scotland and Northern Ireland.
This type of development finance is specifically designed for experienced property developers and investors to fund projects in the student accommodation sector. At Assetz Capital, our terms are up to 3 years and we are able to support a wide range of schemes, from Purpose Built Student Accommodation, the conversion of offices, or renovation projects.
For renovation projects we offer specific refurbishment finance with terms up to 24 months, which is available for both light and heavy renovations. From a simple remodelling project through to converting an old office block. Plus, if the property is available at auction, we can quickly provide the funding for that too.
With our residential refurbishment finance, borrowers only pay an arrangement fee, making the funding clear and transparent. In addition, for developers looking to retain the property after refurbishment, we offer attractive refinance options with a competitive range of term products to choose from.
At Assetz Capital we understand the pressures and challenges that property developers now face and the risks you have to bare, such as cost risk, planning risk, construction risk and finance risk.
That’s why we provide you with practical support and expertise from your local Relationship Director. Working alongside our Credit Team, and utilising their years of local knowledge in the student sector, they will help you to prepare your application to ensure that you get the funding you need.
For ground up developments, you will also benefit from the support of Jonathan Witter, our Development Monitoring Director. Jonathan, will visit you on site throughout your project, as well as managing the external monitoring surveyors (who produce their valuation reports every month for the drawdown of funds).
Our student accommodation development finance is for limited companies and LLPs where there is a previous track record of working in the student accommodation market and construction.
Each and every one of our development finance for student accommodation deals is structured and priced on its own individual merits to help your business flourish. Additionally, by being truly flexible, we will consider arrangements outside those shown in the table below.
Whether we’re lending to first time developers with an experienced project manager, or calculating on loan to gross development value (rather than loan to cost), our team are highly experienced and take a common sense approach.
| Indicative terms | Key features |
|---|---|
| Commitment term | Up to 3 years |
| Amortisation profile | Bullet repayment / from sales proceeds. |
| Maximum LTGDV | 70% (including interest). |
| Preferred loan size | £1m – £10m. |
| Rate (dependent on risk and loan size). | From 10.95% p.a. |
(Criteria updated July 2024.)
If you have a development finance for student accommodation project you’d like to discuss, why not give our New Business Team a call right now on 0800 470 0430.
Alternatively, simply complete the quick enquiry form below and one of our expert team will get straight back to you.
At Assetz Capital we’re committed to funding the growth aspirations of UK business and that’s why we offer SME finance solutions across the property sector
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Bridging finance that’s arranged for you by property finance lending experts. Whether your SME needs funding quickly for property purchase, land acquisition, light/ heavy refurbishment or development finance exit. You’re in safe hands with Assetz Capital.
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The Planning Assistance Loan (PAL) is an innovative product from Assetz Capital. It enables experienced property developers to buy offices or warehouses before they have secured full planning permission for their residential conversion scheme.
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