Case study: Recognise Bank completes £1.96m student accommodation refinance in Aberdeen
Original Article Summary
<p>The deal follows a £556,000 residential bridging loan announced by the bank earlier in January for a London investment property.</p>
PropMatch Curated Analysis
Recognise Bank completed a £1.96m bridging loan at 70% LTV for converting Aberdeen office space into 52 student studios, demonstrating lender appetite for student accommodation and pragmatic solutions for tight refinancing deadlines.
Investor Relevance
Shows viable financing options for student accommodation conversions, reveals lender appetite at higher LTV ratios, and demonstrates how experienced investors can secure bridging finance for development projects with tight deadlines.
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