£47.5m in PBSA development finance completed across Glasgow, Bristol and Manchester
Original Article Summary
<p>Downing Property Finance has completed three PBSA development finance deals totalling around £47.5m, spanning Glasgow, Bristol, and Manchester.</p>
PropMatch Curated Analysis
Downing Property Finance has closed £47.5m in PBSA development loans across Glasgow, Bristol, and Manchester, signalling continued lender appetite for student accommodation in core university cities despite recent sector slowdown. Deal structures reveal evolving complexity around Building Safety Act compliance and high LTC lending terms.
Investor Relevance
Demonstrates that specialist development finance for PBSA remains accessible at competitive terms (up to ~95% LTC), which is directly relevant to SME developers and BTR investors considering student accommodation schemes. The Bristol deal's Gateway 2 structuring also flags that lenders are adapting to Building Safety Act requirements, an important risk and cost factor for any larger residential development.
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