Property investment and development firm Tatiana Limited has secured a £9.4m refinancing of Russell View, a purpose-built student accommodation (PBSA) scheme in Nottingham. The investment loan – which will allow Tatiana to expand its existing portfolio of residential assets – is from Secure Trust Bank Real Estate Finance. Daniel O’Neil, Director at London-based broker SPF Private Clients advised Tatiana Limited.
“The refinancing of Russell View is key to Tatiana Limited’s growth plans and will ensure we can continue to develop similar high-quality residential assets around the country. The support we had from Secure Trust Bank was exceptional from start to finish and enabled us to finalise the deal without delay.”Raj Shah, agent for Tatiana Limited
Managed by CRM Students, the UK’s leading provider of student accommodation, Russell View was built in 2012 and includes 210 student beds. A popular choice for many of Nottingham’s students, the Russell View scheme is a 15-minute walk to both the city centre and Nottingham Trent University’s city campus. The University of Nottingham’s main University Park campus is also easily accessible by public transport.
“We’re pleased to have helped Tatiana with its refinancing of Russell View – a deal which is typical of the high-calibre assets we look to support in the student accommodation sector.
“Our strategy is to grow our frequency of lending to properties close to universities in the top half of The Times university league table, as we recognise the consistently strong levels of demand and occupancy that are indicative of the sector’s long term growth prospects.”David Burke, Relationship Director, Secure Trust Bank Real Estate Finance
Having established firm credentials in the student accommodation sector over the last five years, Secure Trust Bank Real Estate Finance currently supports £145m of PBSA assets.