£30m PBSA funding backs 232-bed Durham scheme
Quantum Development Finance (Quantum) has provided £30m in PBSA funding to Asset Capital to develop Melbury Court, a 232-bed purpose-built student accommodation (PBSA) scheme in Durham with a £46m gross…
£50,000 first charge buy-to-let loan funds rental improvements
Mercantile Trust has completed a £50,000 first charge buy-to-let loan for a landlord who wanted to fund improvements to an unencumbered rental property in England. The buy-to-let loan completed four…
£1.25m funding transforms Georgian townhouse into a boutique hotel
Real estate investment company Develop North PLC has completed £1.25m of boutique hotel funding in Edinburgh, turning a Georgian townhouse into a hotel and delivering a double-digit return on investment.…
93-apartment scheme secures £25.9m mixed-use refinance
OSB Group has completed a £25.9m mixed-use refinance for an experienced property developer, backing Barclay House, a scheme in Manchester. Barclay House comprises 93 apartments and basement commercial space. The…
UK short-term rental operators raised rates in Q3
Move helped maintain revenue as occupancy softened UK short-term rental operators raised rates across every region in Q3, ensuring revenue remained close to last year’s level even as occupancy softened,…
Bigger ASK as two new managing partners join
Greg Cohen and Marc Foster bolster senior team ASK Partners has recruited two additional managing partners and moved to a new head office in London’s Great Portland Street. Greg Cohen…
New survey shows MTD confusion
Majority of landlords remain ignorant of when tax changes will apply Confusion continues to reign surrounding landlords’ obligations around Making Tax Digital for Income Tax, with less than half (48%)…
£2m bridge refinances Docklands properties
TAB has provided a £2 million bridging loan to refinance two commercial properties in London’s Docklands, repaying the borrowers’ existing lender and releasing additional working capital for their wider business…
£559,000 regulated bridge completes in seven days to refinance refurb facility
Glenhawk completed a £559,000 regulated bridging loan in seven days, allowing a borrower to refinance an existing facility and avoid default fees. The specialist property lender secured the loan at…
£244,000 bridging finance funds Grade II listed Norfolk pub
Specialist lender Black & White Bridging has provided £244,000 of bridging finance, combining a first-charge commercial bridge and a second-charge residential bridge, to fund the purchase of a country pub…