£20M facility for a pioneering co-living scheme, enabling funding and deployment during market uncertainty.
Refinanced a completed co-living scheme using licences rather than ASTs. The facility addressed uncertainty from retrospective CIL and S106 reviews, supported the transition from a master lease to individual leases, and provided time to stabilise income.
Facility Size£20m
LTV on PurchaseN/A
LTV on Value65%
Assets Funded90 bed co-living scheme
How we structured it
Pioneered co-living funding
Funding a new asset class in Co-living which had yet to be established
Bespoke S106 & CIL solution
Funding impacted by late stage review of S106 and CIL, created a bespoke solution to enable the funding to be agreed
Bankable lease restructuring
Assisting the client with restructuring leases into a more bankable structure from a term loan perspective
LocationLondon, UK
Deal Amount£20m
Deal TypeOne of the first co-living schemes
Team Members
Team Members
LocationLondon, UK
Deal Amount£20m
Deal TypeOne of the first co-living schemes