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Asset:
PBSA
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Loan Amount:
£11m
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Year:
2022
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Client:
Overseas Investors
- BBS Capital were engaged to secure acquisition financing to support the purchase of a purpose-built student accommodation (PBSA) property.
- This was the Sponsor’s first investment in PBSA, and they are looking to pursue an aggregation strategy in the sector.
- The loan was competitively priced, allowing the Sponsor to lock-in a fixed funding rate below 4.0% p.a., against the backdrop of a volatile interest rate environment.
