Retirement living is an emerging sector that we see becoming ever more prominent. As the UK experiences an increased ageing population especially in the over 65 demographic, there is a need to provide high quality fit for purpose accommodation. We look to lend on opportunities that arise as a result of a shift in structural societal needs and constantly look for new workable solutions to support developers meet the needs of this portion of society.
Our minimum loan size is £20m 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.