Shawbrook has launched a dedicated purpose-built student accommodation (PBSA) proposition.
The proposition includes loans from £500k to £35m, with rates starting from 5.99%, up to 75% LTV on interest-only facilities and terms of up to 25 years. Larger transactions of more than £2.5m will be supported by Shawbrook’s structured real estate team.
Shawbrook launched the new service in response to growing broker and investor demand for specialist finance in the PBSA sector.
Daryl Norkett, director of real estate proposition at Shawbrook, said: “We’ve seen increasing demand from brokers and professional investors financing PBSA assets – particularly where borrowers need a lender that genuinely understands how these deals work. Every transaction in this sector is different, and the financing requirements are often more nuanced than in traditional property lending. A dedicated proposition means we can give brokers and their clients the certainty and expertise they need from the outset”
