£10m development loan for 123-bed student scheme in Portsmouth
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Loan: Development
Sector: Student Accommodation
Amount: £10,000,000
Location: Southeast England
Status: Live
Initial Deal: May 2021
Puma Property Finance closed a £10 million development loan to fund the construction of a PBSA scheme, in Portsmouth. It will have communal facilities including a common room, on-site gym, dining room and secure bike storage. This is the second loan to a repeat client, having previously financed a 245-bed PBSA scheme in Southampton.
