Built-to-Rent & PRS
The Build-to-Rent (BTR) sector has become increasingly established over the past decade with a significant portion of the population choosing to rent over home ownership. The BTR sector has significant growth potential as occupier preference combines with affordability challenge (especially in London), the rise of ‘Generation Rent’ and a desire for quality professionally managed accommodation.
We understand the nuances of BTR finance understanding that location, unit type and configuration, services, operator brand, construction quality and delivery and letting strategy are key as are the ongoing operational aspects.
Our lending criteria is flexible providing borrowers with scope to maximise return through higher leverage than mainstream lenders, we offer up to 85% of cost and 75% of GDV upon stabilisation, to cover all aspects of the scheme from the land purchase through construction which is expected to be maximum of four years and a further two years into the stabilisation phase.
Our preference is for schemes to have full planning permission, we will consider funding schemes with potential planning gains.