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Commercial Bridging Loan
Student Accommodation
Location - Midlands
Property Value - £6,310,000
Loan Amount - £4,200,000
Loan Type - Commercial
LTGDV - 67%

The property comprised recently constructed multi-storey, purpose built, student halls with over 100 studio units fully let on Assured Shorthold Tenancies. It is conveniently located for two universities and a teaching hospital.

ABC has provided a £4.2M bridging loan to repay short-term debt, which had expired, and will be repaid when a long-term mortgage is finalised.

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