Our client developed 2 purpose-built student accommodation blocks in Zones 2 & 3 comprising of a total of 146 beds.
Due to a number of unforeseen delays during the build, both schemes were late reaching Practical Completion and consequently missed the start of the academic year.
Under pressure from the development lender, we secured a 5 year loan to refinance the debt. It was structured in a way which allowed sufficient surplus income to be used towards managing and operating the site, which enabled them to fully let, stabilise and maximise the profitability of their assets.
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Kalms Property Finance Limited is a company registered in England and Wales, company number 10532684.Registered office: 16 Great Queen Street, London, WC2B 5AH
Kalms Property Finance Limited is authorised and regulated by the Financial Conduct Authority (936883). Kalms Property Finance is a broker, not a lender.