New student accommodation scheme, comprising 196-studios
28-month development facility to fund a purpose-built student accommodation building near the University of Warwick.
We have provided a £26.2m development loan to deliver a new, 196 studio purpose-built student accommodation block with a gym, cinema and rooftop terrace.
The scheme is well located to service the University of Warick, one of the top universities in the country, and is situated 15 minutes walk from the campus. The accommodation is to be delivered for the academic intake in September 2025.
Gross Loan
£26.2m
Term
28 months
LTV
65%
Units Created
196
Exit Method
Refinance
"With Torsion’s long-track record of providing high quality PSBA developments, we are delighted to be working with the team on this scheme. Working to tight deadlines we collaborated with the Torsion team to structure a finance facility, enabling them to acquire the site and work to a build programme ready for the 2025 academic year."
- Rav Kudhail, Lending Manager
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