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Student Accommodation Case Studies

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  • Midlands: PBSA Development

    £63M Construction Loan for PBSA

    Captima has secured a notable finance facility for a 700+ unit Purpose Built Student Accommodation development in the Midlands. Working closely with the property investment and development group, Captima delivered an offer at 85% Loan to Cost to fund construction as well as release equity the developer had already deployed, freeing up capital to deploy on other assets. The loan offer was secured from a specialist fund within two weeks of being presented, highlighting the strong relationship Captima holds with both borrower and lender.

    Deal: £63M

    GDV: £89M

  • North West: PBSA Development

    Captima unveils £19.9M facility for PBSA scheme

    Captima tasked with delivering a highly geared debt package for site acquisition and construction of the 268-bed purpose built student accommodation scheme in an established University City. Captima quickly identified a specialised PBSA development funder and secured a loan offer at 85% Loan to Cost, with all parties to the facility working remotely during the COVID lockdown.

    Deal: £19.9M

    GDV: £42M

  • Coventry: Student Accommodation Development

    UK developer scores £76M Forward Commitment

    Captima tapped by a specialist regeneration developer established by experienced property investors to provide a range of financing alternatives. Captima identified a range of debt, equity, joint venture and sale alternatives and, following a competitive process, worked closely with the development team to tailor an agreement with an Investment Fund for delivery of a new, high-quality 770-bed student accommodation scheme in Coventry city centre. The 24,500 sqm development has been pre-let to Coventry University as part of the University’s ambitious and long-term plans to expand its educational and campus facilities.

    Deal: £76M Forward Sale

  • Birmingham: Student Accommodation

    UK developer bags £23M Construction Loan

    Captima masterminded the delivery of a £23 million construction loan in a market devoid of construction debt to enable the delivery of a 650 unit purpose built student accommodation project. Captima exceeded all expectations in a painstaking negotiation and diligence process that ultimately resulted in a deal at 73% LTC priced at 275 bps over base.

    Deal: £23M senior construction loan

    GDV: £37M

  • Chester: Student Accommodation Development

    Captima structures £22M Construction funding

    Captima appointed to structure debt and equity for site acquisition and construction of student accommodation. Captima quickly identified a bank prepared to advance a high percentage of construction costs as well as treat site deferred purchase as equity. The Captima brokered deal featured high gearing and a low interest cost of 350 bps over LIBOR which converts to an investment loan priced at 250 bps over LIBOR.

    Deal: £22M Construction Loan

    GDV: £43M

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