Summary:
- Glenhawk provided an £11.7 million, two-year loan to refinance a purpose-built student accommodation scheme in Aberdeen, enabling the borrower to implement a business plan focused on appointing a new managing agent and increasing occupancy and rental income.
- The loan featured a bespoke interest structure offering flexibility around interest payments during a stabilisation period, addressing the temporary under-occupation of the property while supporting expected improvements in letting performance.
- Glenhawk’s sector expertise and tailored funding approach positioned the firm as a preferred lender for complex PBSA cases, emphasizing detailed borrower understanding and bespoke solutions to support business plan execution.
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