A customer came to us to refinance a Bradford student accommodation block, with the equity release earmarked for another project by the owner.
- £3m loan agreed within 6 days and paid out within 6 weeks
- 120-unit student accommodation located close to Bradford University
- Customer is an experienced property investor with multiple student accommodation blocks
We were able to refinance the project after it being established. Malik Halls had been fully let throughout the academic years and is located over the road from Bradford University on Great Horton Road. Jerry Malik, owner & developer, purchased the site in 2007 and created Malik Halls after demolishing the existing structure. The finance we provided allowed Jerry to commence his next project, a student accommodation building in Leeds.
To find out more about our property finance, please contact our relationship management team.