Part built student
development

439 bed accommodation in the North East

Loan Amount

£70 million

structure

Senior

asset class

Student accommodation

Sirius entered this scheme mid way through the build - various complications including construction delays and deposit mechanisms changing in the country of several of the off plan buyers had caused the need for an urgent refinance. The UK SPV required 70% refinance and 100% build costs to continue. Sirius were able to raise the funds required to complete the 439 unit student scheme including debt to cover extra units added post build commencing.

Advisor

Manoj Manoj Chitroda Senior Associate, Structured Finance contact details 0208 092 4411
07958 335 781
manoj.chitroda@siriusfinance.co.uk
Manoj came on board in 2017, having previously held advisory roles at SPF Private Client and Santander Corporate Bank, as well as being a founding member of Weslley Finance. Since joining, Manoj has delivered an exceptional volume of development, bridging and commercial term loans for Sirius clients. Notable deals including a 328-unit student accommodation scheme, substantial care home development and multiple large equity developments.
During his 16 years in property, Manoj, a firm believer that knowledge is power, has achieved CeMAP, CeCM and BSE hons qualifications - providing him with a solid base from which to advise clients.
He is passionate about relationship building but equally as devout to being time efficient and this is a combination that sees clients return time and time again to utilise Manoj’s expertise.

To discuss an opportunity with our team please get in touch.

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