Society is seeing an ongoing evolution in what they consider a home. We see Co-Living as meeting the need for transitional short to medium term accommodation sitting between Student and Build to Rent or open market sales product.
We are committed to supporting Developers who are focussed on creating this specialised schemes and can provide a minimum loan size of £20m and with no maximum loan size.
We offer up to 80% of cost and 70% of GDV upon stabilisation, allowing for the purchase of a site, construction charges, professional fees and interest.
While we prefer schemes with full planning permission, we will also finance those that require further consent.
Projects should generally fall within a 4 year term or less, and into the initial operational phase with up to a further two years stabilisation period.