^Development Finance for Student Accommodation Projects – Get Started

A Land & build development loan is commonly used to buy land or buildings for purpose-built student accommodation, plus the enabling works and professional fees that sit before construction fully ramps. Typical facilities range from £500,000 to £10,000,000+, often for 12 to 36 months. Pricing is usually structured as a fixed or floating margin over a base rate, with an all-in market guidance of about 8% to 15% per annum depending on risk and leverage. Underwriting is typically around 4 to 10 weeks.

A Construction phase bridging facility can be useful when planning and build commitments are in place but temporary funding is needed until the project reaches a defined refinance trigger. Typical amounts range from £250,000 to £8,000,000+ and terms are often 6 to 24 months. Because this is shorter duration and construction risk matters, all-in guidance is commonly about 9% to 17% per annum, sensitive to leverage and drawdown timing. Decisions are often 3 to 8 weeks after contractor information, updated costs and security position are reviewed.

A Refurbishment & conversion development loan targets projects converting existing buildings or refreshing older PBSA. Lenders typically require evidence around property condition, feasibility, confirmed scope and planning or conversion route where needed, plus a detailed cost plan and security. Typical amounts are £150,000 to £6,000,000+ with terms often 9 to 30 months. All-in interest guidance is roughly 8.5% to 15.5% per annum, varying with leverage and condition risk. Decisions are commonly 4 to 9 weeks, especially where survey and valuation evidence takes time.